Trucking Company Startup Cost Comparison
Lexington, KY vs New York, NY
Lexington, KY
$21,000 - $288,000
COL Index: 91.2
VS
New York, NY
$26,000 - $326,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Lexington, KY | New York, NY | Difference |
|---|---|---|---|
|
Authority & Licensing
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Truck Purchase or Lease
|
$5,000 - $200,000 | $5,000 - $200,000 | Same |
|
Commercial Truck Insurance
|
$5,000 - $20,000 | $5,000 - $20,000 | Same |
|
Technology & Compliance
|
$1,000 - $5,000 | $1,000 - $5,000 | Same |
|
Initial Fuel & Maintenance Reserve
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Marketing & Freight Brokerage
|
$500 - $3,000 | $500 - $3,000 | Same |
|
Working Capital (2 Months)
|
$4,600 - $36,500 | $9,400 - $74,900 | -51% |
| Total Estimated Cost | $21,000 - $288,000 | $26,000 - $326,000 | -12% |
Local Market Factors
| Factor | Lexington | New York |
|---|---|---|
| Cost of Living Index | 91.2 | 187.2 |
| Commercial Rent ($/sqft/yr) | $10 - $22 | $40 - $120 |
| Labor Rate Index | 0.9 | 1.45 |
| Sales Tax | 6% | 8.875% |
| Minimum Wage | $7.25/hr | $16.00/hr |
| LLC Filing Fee | $40 | $200 |
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