Restaurant Startup Cost Comparison

Boca Raton, FL vs New York, NY

Boca Raton, FL

$92,000 - $365,000

COL Index: 118.5

VS

New York, NY

$129,000 - $518,000

COL Index: 187.2

Detailed Cost Comparison

Expense Boca Raton, FL New York, NY Difference
Business Registration & Licenses
$2,500 - $9,000 $5,300 - $17,100 -49%
Commercial Lease (First + Last + Security)
$14,500 - $72,400 $31,300 - $156,500 -54%
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
$22,400 - $89,600 $29,000 - $116,000 -23%
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)
$17,800 - $59,300 $28,100 - $93,600 -37%
Total Estimated Cost $92,000 - $365,000 $129,000 - $518,000 -29%

Local Market Factors

Factor Boca Raton New York
Cost of Living Index 118.5 187.2
Commercial Rent ($/sqft/yr) $24 - $50 $40 - $120
Labor Rate Index 1.12 1.45
Sales Tax 7% 8.875%
Minimum Wage $13.00/hr $16.00/hr
LLC Filing Fee $125 $200

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