Restaurant Startup Cost Comparison

Asheville, NC vs New York, NY

Asheville, NC

$82,000 - $322,000

COL Index: 105.8

VS

New York, NY

$129,000 - $518,000

COL Index: 187.2

Detailed Cost Comparison

Expense Asheville, NC New York, NY Difference
Business Registration & Licenses
$1,400 - $5,600 $5,300 - $17,100 -69%
Commercial Lease (First + Last + Security)
$10,600 - $52,800 $31,300 - $156,500 -66%
Kitchen Equipment & Fixtures
$25,000 - $100,000 $25,000 - $100,000 Same
Initial Food & Beverage Inventory
$5,000 - $15,000 $5,000 - $15,000 Same
Interior Build-Out & Renovation
$19,000 - $76,000 $29,000 - $116,000 -34%
Business Insurance (Annual)
$3,000 - $10,000 $3,000 - $10,000 Same
Marketing & Grand Opening
$2,000 - $10,000 $2,000 - $10,000 Same
Working Capital (3 Months)
$15,900 - $52,900 $28,100 - $93,600 -43%
Total Estimated Cost $82,000 - $322,000 $129,000 - $518,000 -38%

Local Market Factors

Factor Asheville New York
Cost of Living Index 105.8 187.2
Commercial Rent ($/sqft/yr) $16 - $38 $40 - $120
Labor Rate Index 0.95 1.45
Sales Tax 7.25% 8.875%
Minimum Wage $7.25/hr $16.00/hr
LLC Filing Fee $125 $200

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