Pawn Shop Startup Cost Comparison
San Jose, CA vs New York, NY
San Jose, CA
$79,000 - $305,000
COL Index: 185.5
VS
New York, NY
$92,000 - $358,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | San Jose, CA | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$56,500 - $226,100 | $69,600 - $278,300 | -19% |
|
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)
|
$13,900 - $37,100 | $14,000 - $37,400 | -1% |
| Total Estimated Cost | $79,000 - $305,000 | $92,000 - $358,000 | -15% |
Local Market Factors
| Factor | San Jose | New York |
|---|---|---|
| Cost of Living Index | 185.5 | 187.2 |
| Commercial Rent ($/sqft/yr) | $35 - $95 | $40 - $120 |
| Labor Rate Index | 1.55 | 1.45 |
| Sales Tax | 9.375% | 8.875% |
| Minimum Wage | $17.55/hr | $16.00/hr |
| LLC Filing Fee | $70 | $200 |
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