Spa Startup Cost Comparison

Charleston, SC vs New York, NY

Charleston, SC

$87,000 - $334,000

COL Index: 110.8

VS

New York, NY

$132,000 - $518,000

COL Index: 187.2

Detailed Cost Comparison

Expense Charleston, SC New York, NY Difference
Business Registration & Licenses
$1,400 - $6,300 $5,300 - $17,100 -66%
Commercial Lease (First + Last + Security)
$11,300 - $56,700 $31,300 - $156,500 -64%
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
$26,500 - $95,400 $36,300 - $130,500 -27%
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)
$16,600 - $55,400 $28,100 - $93,600 -41%
Total Estimated Cost $87,000 - $334,000 $132,000 - $518,000 -35%

Local Market Factors

Factor Charleston New York
Cost of Living Index 110.8 187.2
Commercial Rent ($/sqft/yr) $18 - $40 $40 - $120
Labor Rate Index 1.06 1.45
Sales Tax 9% 8.875%
Minimum Wage $7.25/hr $16.00/hr
LLC Filing Fee $110 $200

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