Pawn Shop Startup Cost Comparison
Rochester, NY vs Houston, TX
Rochester, NY
$28,000 - $110,000
COL Index: 87.9
VS
Houston, TX
$43,000 - $171,000
COL Index: 96.5
Detailed Cost Comparison
| Expense | Rochester, NY | Houston, TX | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$12,600 - $50,400 | $27,400 - $109,600 | -54% |
|
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)
|
$6,600 - $17,600 | $7,200 - $19,300 | -9% |
| Total Estimated Cost | $28,000 - $110,000 | $43,000 - $171,000 | -36% |
Local Market Factors
| Factor | Rochester | Houston |
|---|---|---|
| Cost of Living Index | 87.9 | 96.5 |
| Commercial Rent ($/sqft/yr) | $9 - $20 | $18 - $45 |
| Labor Rate Index | 0.9 | 0.92 |
| Sales Tax | 8% | 8.25% |
| Minimum Wage | $15.00/hr | $7.25/hr |
| LLC Filing Fee | $200 | $300 |
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