Vending Machine Business Startup Cost Comparison

Charleston, WV vs New York, NY

Charleston, WV

$8,000 - $72,000

COL Index: 80.4

VS

New York, NY

$8,000 - $75,000

COL Index: 187.2

Detailed Cost Comparison

Expense Charleston, WV New York, NY Difference
Business Registration & Licenses
$200 - $1,500 $200 - $1,500 Same
Vending Machines (3-10)
$6,000 - $50,000 $6,000 - $50,000 Same
Initial Product Inventory
$500 - $3,000 $500 - $3,000 Same
Vehicle for Servicing
$0 - $10,000 $0 - $10,000 Same
Location Placement & Agreements
$0 - $2,000 $0 - $2,000 Same
Cashless Payment & Monitoring
$500 - $3,000 $500 - $3,000 Same
Working Capital (2 Months)
$400 - $2,400 $900 - $5,600 -57%
Total Estimated Cost $8,000 - $72,000 $8,000 - $75,000 -4%

Local Market Factors

Factor Charleston New York
Cost of Living Index 80.4 187.2
Commercial Rent ($/sqft/yr) $8 - $16 $40 - $120
Labor Rate Index 0.82 1.45
Sales Tax 7% 8.875%
Minimum Wage $8.75/hr $16.00/hr
LLC Filing Fee $100 $200

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