Pizza Shop Startup Cost Comparison
Toledo, OH vs New York, NY
Toledo, OH
$53,000 - $208,000
COL Index: 83.5
VS
New York, NY
$130,000 - $501,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Toledo, OH | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Commercial Space & Build-Out
|
$12,700 - $50,900 | $78,300 - $313,000 | -84% |
|
Equipment & Fixtures
|
$18,800 - $75,000 | $18,800 - $75,000 | Same |
|
Initial Inventory & Supplies
|
$7,500 - $30,000 | $7,500 - $30,000 | Same |
|
Business Insurance (Annual)
|
$2,000 - $12,000 | $2,000 - $12,000 | Same |
|
Marketing & Grand Opening
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Working Capital (3 Months)
|
$9,400 - $25,100 | $21,100 - $56,200 | -55% |
| Total Estimated Cost | $53,000 - $208,000 | $130,000 - $501,000 | -59% |
Local Market Factors
| Factor | Toledo | New York |
|---|---|---|
| Cost of Living Index | 83.5 | 187.2 |
| Commercial Rent ($/sqft/yr) | $8 - $18 | $40 - $120 |
| Labor Rate Index | 0.84 | 1.45 |
| Sales Tax | 7.25% | 8.875% |
| Minimum Wage | $10.45/hr | $16.00/hr |
| LLC Filing Fee | $99 | $200 |
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