Med Spa Startup Cost Comparison

Burlington, VT vs New York, NY

Burlington, VT

$203,000 - $585,000

COL Index: 115.8

VS

New York, NY

$274,000 - $829,000

COL Index: 187.2

Detailed Cost Comparison

Expense Burlington, VT New York, NY Difference
Business Registration & Medical Licensing
$2,000 - $10,000 $5,300 - $17,100 -46%
Commercial Lease (First + Last + Security)
$12,000 - $52,500 $41,700 - $182,600 -71%
Medical & Aesthetic Equipment
$80,000 - $200,000 $80,000 - $200,000 Same
Initial Injectable & Product Inventory
$15,000 - $50,000 $15,000 - $50,000 Same
Medical Build-Out & Compliance
$41,600 - $124,800 $58,000 - $174,000 -28%
Business & Medical Malpractice Insurance
$8,000 - $25,000 $8,000 - $25,000 Same
Marketing & Patient Acquisition
$10,000 - $30,000 $10,000 - $30,000 Same
Working Capital (3 Months)
$34,700 - $92,600 $56,200 - $149,800 -38%
Total Estimated Cost $203,000 - $585,000 $274,000 - $829,000 -29%

Local Market Factors

Factor Burlington New York
Cost of Living Index 115.8 187.2
Commercial Rent ($/sqft/yr) $16 - $30 $40 - $120
Labor Rate Index 1.04 1.45
Sales Tax 7% 8.875%
Minimum Wage $14.01/hr $16.00/hr
LLC Filing Fee $125 $200

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