Plant Nursery Startup Cost Comparison
Bismarck, ND vs New York, NY
Bismarck, ND
$23,000 - $137,000
COL Index: 92
VS
New York, NY
$49,000 - $299,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Bismarck, ND | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$700 - $2,700 | $5,300 - $17,100 | -85% |
|
Land Lease or Property
|
$3,500 - $27,800 | $17,400 - $139,100 | -80% |
|
Initial Plant Inventory
|
$5,000 - $35,000 | $5,000 - $35,000 | Same |
|
Shade Houses, Hoop Houses & Retail Building
|
$4,400 - $26,400 | $7,300 - $43,500 | -39% |
|
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)
|
$4,600 - $18,400 | $9,400 - $37,400 | -51% |
| Total Estimated Cost | $23,000 - $137,000 | $49,000 - $299,000 | -54% |
Local Market Factors
| Factor | Bismarck | New York |
|---|---|---|
| Cost of Living Index | 92 | 187.2 |
| Commercial Rent ($/sqft/yr) | $10 - $22 | $40 - $120 |
| Labor Rate Index | 0.88 | 1.45 |
| Sales Tax | 7.5% | 8.875% |
| Minimum Wage | $7.25/hr | $16.00/hr |
| LLC Filing Fee | $135 | $200 |
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