Personal Training Startup Cost Comparison

Trenton, NJ vs New York, NY

Trenton, NJ

$16,000 - $106,000

COL Index: 100.8

VS

New York, NY

$21,000 - $162,000

COL Index: 187.2

Detailed Cost Comparison

Expense Trenton, NJ New York, NY Difference
Business Registration & Certification
$5,400 - $26,200 $5,300 - $17,100 +41%
Studio Lease or Gym Rental (First + Last + Security)
$0 - $14,100 $0 - $62,600 -77%
Fitness Equipment
$3,000 - $30,000 $3,000 - $30,000 Same
Software & Technology
$500 - $3,000 $500 - $3,000 Same
Business & Liability Insurance (Annual)
$1,000 - $4,000 $1,000 - $4,000 Same
Marketing & Client Acquisition
$1,500 - $8,000 $1,500 - $8,000 Same
Working Capital (3 Months)
$5,000 - $20,200 $9,400 - $37,400 -46%
Total Estimated Cost $16,000 - $106,000 $21,000 - $162,000 -33%

Local Market Factors

Factor Trenton New York
Cost of Living Index 100.8 187.2
Commercial Rent ($/sqft/yr) $12 - $24 $40 - $120
Labor Rate Index 0.98 1.45
Sales Tax 6.625% 8.875%
Minimum Wage $15.49/hr $16.00/hr
LLC Filing Fee $125 $200

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