Tattoo Shop Startup Cost Comparison

Milwaukee, WI vs New York, NY

Milwaukee, WI

$22,000 - $108,000

COL Index: 95.8

VS

New York, NY

$56,000 - $270,000

COL Index: 187.2

Detailed Cost Comparison

Expense Milwaukee, WI New York, NY Difference
Business Registration & Licenses
$200 - $3,000 $200 - $3,000 Same
Space & Equipment
$12,000 - $60,000 $41,700 - $208,700 -71%
Initial Supplies & Inventory
$4,500 - $22,500 $4,500 - $22,500 Same
Business Insurance (Annual)
$500 - $3,000 $500 - $3,000 Same
Marketing & Launch
$500 - $5,000 $500 - $5,000 Same
Working Capital (3 Months)
$4,300 - $14,400 $8,400 - $28,100 -49%
Total Estimated Cost $22,000 - $108,000 $56,000 - $270,000 -60%

Local Market Factors

Factor Milwaukee New York
Cost of Living Index 95.8 187.2
Commercial Rent ($/sqft/yr) $14 - $32 $40 - $120
Labor Rate Index 0.92 1.45
Sales Tax 5.5% 8.875%
Minimum Wage $7.25/hr $16.00/hr
LLC Filing Fee $130 $200

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