Pawn Shop Startup Cost Comparison
Hampton, VA vs Los Angeles, CA
Hampton, VA
$32,000 - $125,000
COL Index: 93.5
VS
Los Angeles, CA
$71,000 - $275,000
COL Index: 166.5
Detailed Cost Comparison
| Expense | Hampton, VA | Los Angeles, CA | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$16,100 - $64,300 | $50,000 - $200,000 | -68% |
|
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)
|
$7,000 - $18,700 | $12,500 - $33,300 | -44% |
| Total Estimated Cost | $32,000 - $125,000 | $71,000 - $275,000 | -55% |
Local Market Factors
| Factor | Hampton | Los Angeles |
|---|---|---|
| Cost of Living Index | 93.5 | 166.5 |
| Commercial Rent ($/sqft/yr) | $11 - $26 | $30 - $85 |
| Labor Rate Index | 0.87 | 1.35 |
| Sales Tax | 6% | 9.5% |
| Minimum Wage | $12.41/hr | $16.78/hr |
| LLC Filing Fee | $100 | $70 |
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