Masonry Business Startup Cost Comparison
Philadelphia, PA vs New York, NY
Philadelphia, PA
$21,000 - $119,000
COL Index: 114.5
VS
New York, NY
$25,000 - $119,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Philadelphia, PA | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$3,600 - $26,600 | $5,300 - $17,100 | +35% |
|
Masonry Tools & Equipment
|
$4,000 - $18,000 | $4,000 - $18,000 | Same |
|
Scaffolding & Access Equipment
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Work Vehicle & Trailer
|
$5,000 - $30,000 | $5,000 - $30,000 | Same |
|
Insurance & Liability
|
$2,500 - $10,000 | $2,500 - $10,000 | Same |
|
Initial Materials & Supplies
|
$1,000 - $5,000 | $1,000 - $5,000 | Same |
|
Marketing & Portfolio
|
$1,000 - $6,000 | $1,000 - $6,000 | Same |
|
Working Capital (3 Months)
|
$2,300 - $13,700 | $3,700 - $22,500 | -39% |
| Total Estimated Cost | $21,000 - $119,000 | $25,000 - $119,000 | -3% |
Local Market Factors
| Factor | Philadelphia | New York |
|---|---|---|
| Cost of Living Index | 114.5 | 187.2 |
| Commercial Rent ($/sqft/yr) | $20 - $55 | $40 - $120 |
| Labor Rate Index | 1.12 | 1.45 |
| Sales Tax | 8% | 8.875% |
| Minimum Wage | $7.25/hr | $16.00/hr |
| LLC Filing Fee | $125 | $200 |
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