Plant Nursery Startup Cost Comparison
Lorain, OH vs New York, NY
Lorain, OH
$22,000 - $129,000
COL Index: 84.5
VS
New York, NY
$49,000 - $299,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Lorain, OH | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$700 - $2,700 | $5,300 - $17,100 | -85% |
|
Land Lease or Property
|
$3,000 - $24,300 | $17,400 - $139,100 | -83% |
|
Initial Plant Inventory
|
$5,000 - $35,000 | $5,000 - $35,000 | Same |
|
Shade Houses, Hoop Houses & Retail Building
|
$3,900 - $23,400 | $7,300 - $43,500 | -46% |
|
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)
|
$4,200 - $16,900 | $9,400 - $37,400 | -55% |
| Total Estimated Cost | $22,000 - $129,000 | $49,000 - $299,000 | -57% |
Local Market Factors
| Factor | Lorain | New York |
|---|---|---|
| Cost of Living Index | 84.5 | 187.2 |
| Commercial Rent ($/sqft/yr) | $8 - $20 | $40 - $120 |
| Labor Rate Index | 0.78 | 1.45 |
| Sales Tax | 7.75% | 8.875% |
| Minimum Wage | $10.45/hr | $16.00/hr |
| LLC Filing Fee | $99 | $200 |
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