Physical Therapy Clinic Startup Cost Comparison

Chesapeake, VA vs New York, NY

Chesapeake, VA

$37,000 - $215,000

COL Index: 101.5

VS

New York, NY

$92,000 - $533,000

COL Index: 187.2

Detailed Cost Comparison

Expense Chesapeake, VA New York, NY Difference
Business Registration & Licenses
$200 - $3,000 $200 - $3,000 Same
Space & Equipment
$20,900 - $125,200 $69,600 - $417,400 -70%
Initial Supplies & Inventory
$7,500 - $45,000 $7,500 - $45,000 Same
Business Insurance (Annual)
$500 - $6,000 $500 - $6,000 Same
Marketing & Launch
$500 - $5,000 $500 - $5,000 Same
Working Capital (3 Months)
$7,600 - $30,500 $14,000 - $56,200 -46%
Total Estimated Cost $37,000 - $215,000 $92,000 - $533,000 -60%

Local Market Factors

Factor Chesapeake New York
Cost of Living Index 101.5 187.2
Commercial Rent ($/sqft/yr) $14 - $34 $40 - $120
Labor Rate Index 0.95 1.45
Sales Tax 6% 8.875%
Minimum Wage $12.41/hr $16.00/hr
LLC Filing Fee $100 $200

Ready to Start Your Physical Therapy Clinic?

Start your Physical Therapy Clinic LLC in โ€” free registered agent for 1 year.

Form Your LLC for $0 + State Fee โ†’

Trusted by 500,000+ businesses ยท Excellent rating on Trustpilot

Start Your LLC โ€” $0 + State Fee