Massage Therapy Practice Startup Cost Comparison

Norman, OK vs New York, NY

Norman, OK

$4,000 - $37,000

COL Index: 88.5

VS

New York, NY

$10,000 - $98,000

COL Index: 187.2

Detailed Cost Comparison

Expense Norman, OK New York, NY Difference
Business Registration & Licenses
$200 - $3,000 $200 - $3,000 Same
Space & Equipment
$1,400 - $13,900 $7,000 - $69,600 -80%
Initial Supplies & Inventory
$800 - $7,500 $800 - $7,500 Same
Business Insurance (Annual)
$500 - $3,000 $500 - $3,000 Same
Marketing & Launch
$500 - $5,000 $500 - $5,000 Same
Working Capital (3 Months)
$700 - $4,400 $1,400 - $9,400 -53%
Total Estimated Cost $4,000 - $37,000 $10,000 - $98,000 -62%

Local Market Factors

Factor Norman New York
Cost of Living Index 88.5 187.2
Commercial Rent ($/sqft/yr) $10 - $22 $40 - $120
Labor Rate Index 0.86 1.45
Sales Tax 8.75% 8.875%
Minimum Wage $7.25/hr $16.00/hr
LLC Filing Fee $100 $200

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