Vending Machine Business Startup Cost Comparison
Sterling Heights, MI vs Los Angeles, CA
Sterling Heights, MI
$8,000 - $72,000
COL Index: 93.2
VS
Los Angeles, CA
$8,000 - $75,000
COL Index: 166.5
Detailed Cost Comparison
| Expense | Sterling Heights, MI | Los Angeles, CA | 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)
|
$500 - $2,800 | $800 - $5,000 | -43% |
| Total Estimated Cost | $8,000 - $72,000 | $8,000 - $75,000 | -4% |
Local Market Factors
| Factor | Sterling Heights | Los Angeles |
|---|---|---|
| Cost of Living Index | 93.2 | 166.5 |
| Commercial Rent ($/sqft/yr) | $12 - $28 | $30 - $85 |
| Labor Rate Index | 0.88 | 1.35 |
| Sales Tax | 6% | 9.5% |
| Minimum Wage | $10.33/hr | $16.78/hr |
| LLC Filing Fee | $50 | $70 |
View Full Details
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