Spa Startup Cost Comparison

Lorain, OH vs New York, NY

Lorain, OH

$69,000 - $263,000

COL Index: 84.5

VS

New York, NY

$132,000 - $518,000

COL Index: 187.2

Detailed Cost Comparison

Expense Lorain, OH New York, NY Difference
Business Registration & Licenses
$700 - $3,000 $5,300 - $17,100 -83%
Commercial Lease (First + Last + Security)
$5,500 - $27,400 $31,300 - $156,500 -82%
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
$19,500 - $70,200 $36,300 - $130,500 -46%
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)
$12,700 - $42,300 $28,100 - $93,600 -55%
Total Estimated Cost $69,000 - $263,000 $132,000 - $518,000 -49%

Local Market Factors

Factor Lorain New York
Cost of Living Index 84.5 187.2
Commercial Rent ($/sqft/yr) $8 - $20 $40 - $120
Labor Rate Index 0.78 1.45
Sales Tax 7.75% 8.875%
Minimum Wage $10.45/hr $16.00/hr
LLC Filing Fee $99 $200

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