Spa Startup Cost Comparison

Boulder, CO vs New York, NY

Boulder, CO

$107,000 - $413,000

COL Index: 148.2

VS

New York, NY

$132,000 - $518,000

COL Index: 187.2

Detailed Cost Comparison

Expense Boulder, CO New York, NY Difference
Business Registration & Licenses
$2,200 - $8,900 $5,300 - $17,100 -50%
Commercial Lease (First + Last + Security)
$18,200 - $91,000 $31,300 - $156,500 -42%
Spa Equipment & Furnishings
$20,000 - $80,000 $20,000 - $80,000 Same
Initial Product & Supplies Inventory
$5,000 - $20,000 $5,000 - $20,000 Same
Interior Build-Out & Ambiance Design
$33,000 - $118,800 $36,300 - $130,500 -9%
Business Insurance (Annual)
$3,000 - $8,000 $3,000 - $8,000 Same
Marketing & Launch
$3,000 - $12,000 $3,000 - $12,000 Same
Working Capital (3 Months)
$22,200 - $74,100 $28,100 - $93,600 -21%
Total Estimated Cost $107,000 - $413,000 $132,000 - $518,000 -20%

Local Market Factors

Factor Boulder New York
Cost of Living Index 148.2 187.2
Commercial Rent ($/sqft/yr) $28 - $65 $40 - $120
Labor Rate Index 1.32 1.45
Sales Tax 9.045% 8.875%
Minimum Wage $14.42/hr $16.00/hr
LLC Filing Fee $50 $200

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