Senior Care Facility Startup Cost Comparison
New York, NY vs Los Angeles, CA
New York, NY
$209,000 - $2,456,000
COL Index: 187.2
VS
Los Angeles, CA
$173,000 - $1,919,000
COL Index: 166.5
Detailed Cost Comparison
| Expense | New York, NY | Los Angeles, CA | Difference |
|---|---|---|---|
|
Licensing & Certification
|
$5,300 - $30,000 | $5,000 - $30,000 | +1% |
|
Facility Acquisition or Lease
|
$104,300 - $1,739,100 | $75,000 - $1,250,000 | +39% |
|
Furnishing & Equipment
|
$15,000 - $150,000 | $15,000 - $150,000 | Same |
|
Insurance (Annual)
|
$8,000 - $40,000 | $8,000 - $40,000 | Same |
|
Initial Staffing & Training
|
$14,500 - $87,000 | $13,500 - $81,000 | +7% |
|
Compliance & Accreditation
|
$3,000 - $20,000 | $3,000 - $20,000 | Same |
|
Marketing & Referral Network
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Working Capital (3-6 Months)
|
$56,200 - $374,400 | $50,000 - $333,000 | +12% |
| Total Estimated Cost | $209,000 - $2,456,000 | $173,000 - $1,919,000 | +27% |
Local Market Factors
| Factor | New York | Los Angeles |
|---|---|---|
| Cost of Living Index | 187.2 | 166.5 |
| Commercial Rent ($/sqft/yr) | $40 - $120 | $30 - $85 |
| Labor Rate Index | 1.45 | 1.35 |
| Sales Tax | 8.875% | 9.5% |
| Minimum Wage | $16.00/hr | $16.78/hr |
| LLC Filing Fee | $200 | $70 |
View Full Details
Ready to Start Your Senior Care Facility?
Start your Senior Care Facility LLC in — free registered agent for 1 year.
Form Your LLC for $0 + State Fee →Trusted by 500,000+ businesses · Excellent rating on Trustpilot