Massage Therapy Practice Startup Cost Comparison

St. Paul, MN vs New York, NY

St. Paul, MN

$5,000 - $45,000

COL Index: 104.5

VS

New York, NY

$10,000 - $98,000

COL Index: 187.2

Detailed Cost Comparison

Expense St. Paul, MN New York, NY Difference
Business Registration & Licenses
$200 - $3,000 $200 - $3,000 Same
Space & Equipment
$2,100 - $20,900 $7,000 - $69,600 -70%
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)
$800 - $5,200 $1,400 - $9,400 -44%
Total Estimated Cost $5,000 - $45,000 $10,000 - $98,000 -54%

Local Market Factors

Factor St. Paul New York
Cost of Living Index 104.5 187.2
Commercial Rent ($/sqft/yr) $14 - $34 $40 - $120
Labor Rate Index 1.02 1.45
Sales Tax 8.375% 8.875%
Minimum Wage $15.57/hr $16.00/hr
LLC Filing Fee $155 $200

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