Security Company Startup Cost Comparison
Palm Coast, FL vs New York, NY
Palm Coast, FL
$16,000 - $105,000
COL Index: 97.3
VS
New York, NY
$24,000 - $139,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Palm Coast, FL | 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)
|
$4,900 - $29,200 | $9,400 - $56,200 | -48% |
| Total Estimated Cost | $16,000 - $105,000 | $24,000 - $139,000 | -26% |
Local Market Factors
| Factor | Palm Coast | New York |
|---|---|---|
| Cost of Living Index | 97.3 | 187.2 |
| Commercial Rent ($/sqft/yr) | $13 - $26 | $40 - $120 |
| Labor Rate Index | 0.92 | 1.45 |
| Sales Tax | 7% | 8.875% |
| Minimum Wage | $13.00/hr | $16.00/hr |
| LLC Filing Fee | $125 | $200 |
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