Senior Care Facility Startup Cost Comparison
Yonkers, NY vs Houston, TX
Yonkers, NY
$132,000 - $1,358,000
COL Index: 132.8
VS
Houston, TX
$113,000 - $1,188,000
COL Index: 96.5
Detailed Cost Comparison
| Expense | Yonkers, NY | Houston, TX | Difference |
|---|---|---|---|
|
Licensing & Certification
|
$5,000 - $30,000 | $5,000 - $30,000 | Same |
|
Facility Acquisition or Lease
|
$45,700 - $760,900 | $41,100 - $684,800 | +11% |
|
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
|
$12,800 - $76,800 | $9,200 - $55,200 | +39% |
|
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)
|
$39,800 - $265,600 | $29,000 - $193,000 | +38% |
| Total Estimated Cost | $132,000 - $1,358,000 | $113,000 - $1,188,000 | +15% |
Local Market Factors
| Factor | Yonkers | Houston |
|---|---|---|
| Cost of Living Index | 132.8 | 96.5 |
| Commercial Rent ($/sqft/yr) | $22 - $48 | $18 - $45 |
| Labor Rate Index | 1.28 | 0.92 |
| Sales Tax | 8.875% | 8.25% |
| Minimum Wage | $16.00/hr | $7.25/hr |
| LLC Filing Fee | $200 | $300 |
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