Nail Salon Startup Cost Comparison

Worcester, MA vs New York, NY

Worcester, MA

$37,000 - $151,000

COL Index: 112.4

VS

New York, NY

$57,000 - $229,000

COL Index: 187.2

Detailed Cost Comparison

Expense Worcester, MA New York, NY Difference
Business Registration & Cosmetology License
$3,500 - $16,500 $5,300 - $17,100 -11%
Commercial Lease (First + Last + Security)
$3,300 - $16,400 $12,500 - $62,600 -74%
Nail Stations & Equipment
$8,000 - $35,000 $8,000 - $35,000 Same
Initial Products & Supplies
$2,000 - $6,000 $2,000 - $6,000 Same
Interior Build-Out & Renovation
$8,600 - $37,800 $11,600 - $50,800 -26%
Business Insurance (Annual)
$1,500 - $5,000 $1,500 - $5,000 Same
Marketing & Grand Opening
$1,500 - $6,000 $1,500 - $6,000 Same
Working Capital (3 Months)
$9,000 - $28,100 $15,000 - $46,800 -40%
Total Estimated Cost $37,000 - $151,000 $57,000 - $229,000 -34%

Local Market Factors

Factor Worcester New York
Cost of Living Index 112.4 187.2
Commercial Rent ($/sqft/yr) $14 - $28 $40 - $120
Labor Rate Index 1.08 1.45
Sales Tax 6.25% 8.875%
Minimum Wage $15.00/hr $16.00/hr
LLC Filing Fee $500 $200

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