Masonry Business Startup Cost Comparison
Rockford, IL vs New York, NY
Rockford, IL
$18,000 - $93,000
COL Index: 84.5
VS
New York, NY
$25,000 - $119,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Rockford, IL | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$700 - $3,500 | $5,300 - $17,100 | -81% |
|
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)
|
$1,700 - $10,100 | $3,700 - $22,500 | -55% |
| Total Estimated Cost | $18,000 - $93,000 | $25,000 - $119,000 | -23% |
Local Market Factors
| Factor | Rockford | New York |
|---|---|---|
| Cost of Living Index | 84.5 | 187.2 |
| Commercial Rent ($/sqft/yr) | $8 - $18 | $40 - $120 |
| Labor Rate Index | 0.84 | 1.45 |
| Sales Tax | 8.75% | 8.875% |
| Minimum Wage | $14.00/hr | $16.00/hr |
| LLC Filing Fee | $150 | $200 |
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