Mini Golf Course Startup Cost Comparison
Santa Fe, NM vs New York, NY
Santa Fe, NM
$88,000 - $502,000
COL Index: 112.5
VS
New York, NY
$159,000 - $971,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Santa Fe, NM | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$500 - $3,000 | $500 - $3,000 | Same |
|
Land or Facility
|
$23,500 - $176,100 | $69,600 - $521,700 | -66% |
|
Course Design & Construction
|
$40,800 - $204,000 | $58,000 - $290,000 | -30% |
|
Equipment & Supplies
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Business Insurance (Annual)
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Concessions & Add-Ons
|
$5,000 - $30,000 | $5,000 - $30,000 | Same |
|
Marketing & Grand Opening
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Working Capital (3 Months)
|
$11,300 - $56,300 | $18,700 - $93,600 | -40% |
| Total Estimated Cost | $88,000 - $502,000 | $159,000 - $971,000 | -48% |
Local Market Factors
| Factor | Santa Fe | New York |
|---|---|---|
| Cost of Living Index | 112.5 | 187.2 |
| Commercial Rent ($/sqft/yr) | $16 - $38 | $40 - $120 |
| Labor Rate Index | 1.02 | 1.45 |
| Sales Tax | 8.4375% | 8.875% |
| Minimum Wage | $14.60/hr | $16.00/hr |
| LLC Filing Fee | $50 | $200 |
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