Pawn Shop Startup Cost Comparison
Sandy Springs, GA vs New York, NY
Sandy Springs, GA
$49,000 - $192,000
COL Index: 108.3
VS
New York, NY
$92,000 - $358,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Sandy Springs, GA | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$32,200 - $128,700 | $69,600 - $278,300 | -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)
|
$8,100 - $21,700 | $14,000 - $37,400 | -42% |
| Total Estimated Cost | $49,000 - $192,000 | $92,000 - $358,000 | -46% |
Local Market Factors
| Factor | Sandy Springs | New York |
|---|---|---|
| Cost of Living Index | 108.3 | 187.2 |
| Commercial Rent ($/sqft/yr) | $22 - $52 | $40 - $120 |
| Labor Rate Index | 1.1 | 1.45 |
| Sales Tax | 8.9% | 8.875% |
| Minimum Wage | $7.25/hr | $16.00/hr |
| LLC Filing Fee | $100 | $200 |
View Full Details
Ready to Start Your Pawn Shop?
Start your Pawn Shop LLC in — free registered agent for 1 year.
Form Your LLC for $0 + State Fee →Trusted by 500,000+ businesses · Excellent rating on Trustpilot