Vending Machine Business Startup Cost Comparison

Torrance, CA vs New York, NY

Torrance, CA

$8,000 - $74,000

COL Index: 145.7

VS

New York, NY

$8,000 - $75,000

COL Index: 187.2

Detailed Cost Comparison

Expense Torrance, CA 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)
$700 - $4,400 $900 - $5,600 -22%
Total Estimated Cost $8,000 - $74,000 $8,000 - $75,000 -1%

Local Market Factors

Factor Torrance New York
Cost of Living Index 145.7 187.2
Commercial Rent ($/sqft/yr) $26 - $58 $40 - $120
Labor Rate Index 1.28 1.45
Sales Tax 10% 8.875%
Minimum Wage $16.00/hr $16.00/hr
LLC Filing Fee $70 $200

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