Oil Change Shop Startup Cost Comparison
Akron, OH vs New York, NY
Akron, OH
$36,000 - $194,000
COL Index: 86
VS
New York, NY
$73,000 - $400,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Akron, OH | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$700 - $3,300 | $5,300 - $17,100 | -82% |
|
Facility Lease (First + Last + Security)
|
$4,200 - $25,400 | $26,100 - $156,500 | -84% |
|
Service Equipment
|
$10,000 - $50,000 | $10,000 - $50,000 | Same |
|
Initial Oil & Fluid Inventory
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Facility Build-Out
|
$6,800 - $51,000 | $11,600 - $87,000 | -41% |
|
Waste Oil Management System
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Business Insurance (Annual)
|
$2,500 - $10,000 | $2,500 - $10,000 | Same |
|
Marketing & Signage
|
$1,500 - $8,000 | $1,500 - $8,000 | Same |
|
Working Capital (3 Months)
|
$5,200 - $21,500 | $11,200 - $46,800 | -54% |
| Total Estimated Cost | $36,000 - $194,000 | $73,000 - $400,000 | -51% |
Local Market Factors
| Factor | Akron | New York |
|---|---|---|
| Cost of Living Index | 86 | 187.2 |
| Commercial Rent ($/sqft/yr) | $8 - $18 | $40 - $120 |
| Labor Rate Index | 0.85 | 1.45 |
| Sales Tax | 6.75% | 8.875% |
| Minimum Wage | $10.45/hr | $16.00/hr |
| LLC Filing Fee | $99 | $200 |
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