Pawn Shop Startup Cost Comparison
Amarillo, TX vs New York, NY
Amarillo, TX
$28,000 - $111,000
COL Index: 85.5
VS
New York, NY
$92,000 - $358,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Amarillo, TX | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$13,000 - $52,200 | $69,600 - $278,300 | -81% |
|
Initial Supplies & Inventory
|
$7,500 - $30,000 | $7,500 - $30,000 | Same |
|
Business Insurance (Annual)
|
$500 - $4,000 | $500 - $4,000 | Same |
|
Marketing & Launch
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Working Capital (3 Months)
|
$6,400 - $17,100 | $14,000 - $37,400 | -54% |
| Total Estimated Cost | $28,000 - $111,000 | $92,000 - $358,000 | -69% |
Local Market Factors
| Factor | Amarillo | New York |
|---|---|---|
| Cost of Living Index | 85.5 | 187.2 |
| Commercial Rent ($/sqft/yr) | $10 - $20 | $40 - $120 |
| Labor Rate Index | 0.84 | 1.45 |
| Sales Tax | 8.25% | 8.875% |
| Minimum Wage | $7.25/hr | $16.00/hr |
| LLC Filing Fee | $300 | $200 |
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