Plant Nursery Startup Cost Comparison
Provo, UT vs New York, NY
Provo, UT
$26,000 - $154,000
COL Index: 102.5
VS
New York, NY
$49,000 - $299,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Provo, UT | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,100 - $4,900 | $5,300 - $17,100 | -73% |
|
Land Lease or Property
|
$4,800 - $38,300 | $17,400 - $139,100 | -72% |
|
Initial Plant Inventory
|
$5,000 - $35,000 | $5,000 - $35,000 | Same |
|
Shade Houses, Hoop Houses & Retail Building
|
$4,800 - $28,500 | $7,300 - $43,500 | -34% |
|
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)
|
$5,100 - $20,500 | $9,400 - $37,400 | -45% |
| Total Estimated Cost | $26,000 - $154,000 | $49,000 - $299,000 | -48% |
Local Market Factors
| Factor | Provo | New York |
|---|---|---|
| Cost of Living Index | 102.5 | 187.2 |
| Commercial Rent ($/sqft/yr) | $14 - $30 | $40 - $120 |
| Labor Rate Index | 0.95 | 1.45 |
| Sales Tax | 7.25% | 8.875% |
| Minimum Wage | $7.25/hr | $16.00/hr |
| LLC Filing Fee | $54 | $200 |
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