Senior Care Facility Startup Cost Comparison
New York, NY vs San Francisco, CA
New York, NY
$209,000 - $2,456,000
COL Index: 187.2
VS
San Francisco, CA
$201,000 - $2,336,000
COL Index: 179.8
Detailed Cost Comparison
| Expense | New York, NY | San Francisco, CA | Difference |
|---|---|---|---|
|
Licensing & Certification
|
$5,300 - $30,000 | $5,000 - $30,000 | +1% |
|
Facility Acquisition or Lease
|
$104,300 - $1,739,100 | $97,800 - $1,630,400 | +7% |
|
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 | $15,200 - $91,200 | -5% |
|
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 | $53,900 - $359,600 | +4% |
| Total Estimated Cost | $209,000 - $2,456,000 | $201,000 - $2,336,000 | +5% |
Local Market Factors
| Factor | New York | San Francisco |
|---|---|---|
| Cost of Living Index | 187.2 | 179.8 |
| Commercial Rent ($/sqft/yr) | $40 - $120 | $40 - $110 |
| Labor Rate Index | 1.45 | 1.52 |
| Sales Tax | 8.875% | 8.625% |
| Minimum Wage | $16.00/hr | $18.67/hr |
| LLC Filing Fee | $200 | $70 |
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