Spa Startup Cost Comparison

Wilmington, NC vs New York, NY

Wilmington, NC

$79,000 - $303,000

COL Index: 99.8

VS

New York, NY

$132,000 - $518,000

COL Index: 187.2

Detailed Cost Comparison

Expense Wilmington, NC New York, NY Difference
Business Registration & Licenses
$1,400 - $6,100 $5,300 - $17,100 -67%
Commercial Lease (First + Last + Security)
$8,200 - $41,100 $31,300 - $156,500 -74%
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
$23,800 - $85,500 $36,300 - $130,500 -34%
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)
$15,000 - $49,900 $28,100 - $93,600 -47%
Total Estimated Cost $79,000 - $303,000 $132,000 - $518,000 -41%

Local Market Factors

Factor Wilmington New York
Cost of Living Index 99.8 187.2
Commercial Rent ($/sqft/yr) $14 - $28 $40 - $120
Labor Rate Index 0.95 1.45
Sales Tax 7% 8.875%
Minimum Wage $7.25/hr $16.00/hr
LLC Filing Fee $125 $200

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