Tanning Salon Startup Cost Comparison

Colorado Springs, CO vs New York, NY

Colorado Springs, CO

$38,000 - $183,000

COL Index: 105.2

VS

New York, NY

$92,000 - $445,000

COL Index: 187.2

Detailed Cost Comparison

Expense Colorado Springs, CO New York, NY Difference
Business Registration & Licenses
$200 - $3,000 $200 - $3,000 Same
Space & Equipment
$21,300 - $106,500 $69,600 - $347,800 -69%
Initial Supplies & Inventory
$7,500 - $37,500 $7,500 - $37,500 Same
Business Insurance (Annual)
$500 - $5,000 $500 - $5,000 Same
Marketing & Launch
$500 - $5,000 $500 - $5,000 Same
Working Capital (3 Months)
$7,900 - $26,300 $14,000 - $46,800 -44%
Total Estimated Cost $38,000 - $183,000 $92,000 - $445,000 -59%

Local Market Factors

Factor Colorado Springs New York
Cost of Living Index 105.2 187.2
Commercial Rent ($/sqft/yr) $14 - $35 $40 - $120
Labor Rate Index 0.98 1.45
Sales Tax 8.25% 8.875%
Minimum Wage $14.42/hr $16.00/hr
LLC Filing Fee $50 $200

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