Roofing Startup Cost Comparison
Rochester, MN vs New York, NY
Rochester, MN
$26,000 - $141,000
COL Index: 101.5
VS
New York, NY
$35,000 - $178,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Rochester, MN | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Roofing License
|
$800 - $5,000 | $5,300 - $17,100 | -74% |
|
Work Truck & Trailer
|
$8,000 - $45,000 | $8,000 - $45,000 | Same |
|
Roofing Tools & Safety Equipment
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Initial Materials Inventory
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Business Insurance & Bonding (Annual)
|
$5,000 - $20,000 | $5,000 - $20,000 | Same |
|
Marketing & Lead Generation
|
$2,000 - $15,000 | $2,000 - $15,000 | Same |
|
Working Capital (3 Months)
|
$5,100 - $30,500 | $9,400 - $56,200 | -46% |
| Total Estimated Cost | $26,000 - $141,000 | $35,000 - $178,000 | -22% |
Local Market Factors
| Factor | Rochester | New York |
|---|---|---|
| Cost of Living Index | 101.5 | 187.2 |
| Commercial Rent ($/sqft/yr) | $14 - $30 | $40 - $120 |
| Labor Rate Index | 1 | 1.45 |
| Sales Tax | 7.375% | 8.875% |
| Minimum Wage | $10.85/hr | $16.00/hr |
| LLC Filing Fee | $155 | $200 |
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