Plant Nursery Startup Cost Comparison
Albuquerque, NM vs New York, NY
Albuquerque, NM
$25,000 - $147,000
COL Index: 93.2
VS
New York, NY
$49,000 - $299,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Albuquerque, NM | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,300 - $5,900 | $5,300 - $17,100 | -68% |
|
Land Lease or Property
|
$4,300 - $34,800 | $17,400 - $139,100 | -75% |
|
Initial Plant Inventory
|
$5,000 - $35,000 | $5,000 - $35,000 | Same |
|
Shade Houses, Hoop Houses & Retail Building
|
$4,300 - $25,500 | $7,300 - $43,500 | -41% |
|
Irrigation System
|
$2,000 - $12,000 | $2,000 - $12,000 | Same |
|
Equipment & Supplies
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Marketing & Signage
|
$1,000 - $5,000 | $1,000 - $5,000 | Same |
|
Working Capital (3 Months)
|
$4,700 - $18,600 | $9,400 - $37,400 | -50% |
| Total Estimated Cost | $25,000 - $147,000 | $49,000 - $299,000 | -51% |
Local Market Factors
| Factor | Albuquerque | New York |
|---|---|---|
| Cost of Living Index | 93.2 | 187.2 |
| Commercial Rent ($/sqft/yr) | $12 - $28 | $40 - $120 |
| Labor Rate Index | 0.85 | 1.45 |
| Sales Tax | 7.875% | 8.875% |
| Minimum Wage | $14.00/hr | $16.00/hr |
| LLC Filing Fee | $50 | $200 |
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