Security Company Startup Cost Comparison
Worcester, MA vs New York, NY
Worcester, MA
$18,000 - $116,000
COL Index: 112.4
VS
New York, NY
$24,000 - $139,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Worcester, MA | New York, NY | Difference |
|---|---|---|---|
|
Licensing & Registration
|
$3,500 - $16,500 | $5,300 - $17,100 | -11% |
|
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)
|
$5,600 - $33,700 | $9,400 - $56,200 | -40% |
| Total Estimated Cost | $18,000 - $116,000 | $24,000 - $139,000 | -18% |
Local Market Factors
| Factor | Worcester | New York |
|---|---|---|
| Cost of Living Index | 112.4 | 187.2 |
| Commercial Rent ($/sqft/yr) | $14 - $28 | $40 - $120 |
| Labor Rate Index | 1.08 | 1.45 |
| Sales Tax | 6.25% | 8.875% |
| Minimum Wage | $15.00/hr | $16.00/hr |
| LLC Filing Fee | $500 | $200 |
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