Real Estate Agency Startup Cost Comparison
Tacoma, WA vs New York, NY
Tacoma, WA
$30,000 - $128,000
COL Index: 118.5
VS
New York, NY
$50,000 - $214,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Tacoma, WA | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$2,100 - $8,500 | $5,300 - $17,100 | -53% |
|
Broker License & Education
|
$2,000 - $6,000 | $2,000 - $6,000 | Same |
|
Office Lease (First + Last + Security)
|
$5,300 - $26,400 | $15,700 - $78,300 | -66% |
|
Office Build-Out & Furnishing
|
$3,300 - $16,500 | $4,400 - $21,800 | -24% |
|
Technology & MLS Access
|
$3,000 - $12,000 | $3,000 - $12,000 | Same |
|
Insurance (Annual)
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Marketing & Brand Building
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Working Capital (3-6 Months)
|
$9,500 - $35,600 | $15,000 - $56,200 | -37% |
| Total Estimated Cost | $30,000 - $128,000 | $50,000 - $214,000 | -40% |
Local Market Factors
| Factor | Tacoma | New York |
|---|---|---|
| Cost of Living Index | 118.5 | 187.2 |
| Commercial Rent ($/sqft/yr) | $16 - $38 | $40 - $120 |
| Labor Rate Index | 1.1 | 1.45 |
| Sales Tax | 10.2% | 8.875% |
| Minimum Wage | $16.28/hr | $16.00/hr |
| LLC Filing Fee | $180 | $200 |
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