Security Company Startup Cost Comparison
Gary, IN vs New York, NY
Gary, IN
$15,000 - $101,000
COL Index: 81.5
VS
New York, NY
$24,000 - $139,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Gary, IN | New York, NY | Difference |
|---|---|---|---|
|
Licensing & Registration
|
$2,000 - $10,000 | $5,300 - $17,100 | -46% |
|
Uniforms & Equipment
|
$2,000 - $15,000 | $2,000 - $15,000 | Same |
|
Patrol Vehicle
|
$2,000 - $20,000 | $2,000 - $20,000 | Same |
|
Insurance & Bonding
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Guard Training Program
|
$1,000 - $8,000 | $1,000 - $8,000 | Same |
|
Marketing & Contract Bidding
|
$1,000 - $8,000 | $1,000 - $8,000 | Same |
|
Working Capital (2 Months)
|
$4,100 - $24,500 | $9,400 - $56,200 | -56% |
| Total Estimated Cost | $15,000 - $101,000 | $24,000 - $139,000 | -29% |
Local Market Factors
| Factor | Gary | New York |
|---|---|---|
| Cost of Living Index | 81.5 | 187.2 |
| Commercial Rent ($/sqft/yr) | $7 - $18 | $40 - $120 |
| Labor Rate Index | 0.75 | 1.45 |
| Sales Tax | 7% | 8.875% |
| Minimum Wage | $7.25/hr | $16.00/hr |
| LLC Filing Fee | $95 | $200 |
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