Veterinary Clinic Startup Cost Comparison

Boston, MA vs New York, NY

Boston, MA

$442,000 - $2,903,000

COL Index: 152.4

VS

New York, NY

$565,000 - $3,834,000

COL Index: 187.2

Detailed Cost Comparison

Expense Boston, MA New York, NY Difference
Licensing & DEA Registration
$5,800 - $32,300 $5,300 - $17,100 +70%
Clinic Space & Build-Out
$239,100 - $1,913,000 $347,800 - $2,782,600 -31%
Medical Equipment
$80,000 - $400,000 $80,000 - $400,000 Same
Practice Management Software
$5,000 - $25,000 $5,000 - $25,000 Same
Insurance (Annual)
$8,000 - $30,000 $8,000 - $30,000 Same
Initial Staffing
$27,600 - $138,000 $29,000 - $145,000 -5%
Initial Pharmacy & Supplies
$15,000 - $60,000 $15,000 - $60,000 Same
Working Capital (3 Months)
$61,000 - $304,800 $74,900 - $374,400 -19%
Total Estimated Cost $442,000 - $2,903,000 $565,000 - $3,834,000 -24%

Local Market Factors

Factor Boston New York
Cost of Living Index 152.4 187.2
Commercial Rent ($/sqft/yr) $30 - $80 $40 - $120
Labor Rate Index 1.38 1.45
Sales Tax 6.25% 8.875%
Minimum Wage $15.00/hr $16.00/hr
LLC Filing Fee $500 $200

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