Veterinary Clinic Startup Cost Comparison
Fayetteville, AR vs New York, NY
Fayetteville, AR
$247,000 - $1,459,000
COL Index: 90.5
VS
New York, NY
$565,000 - $3,834,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Fayetteville, AR | New York, NY | Difference |
|---|---|---|---|
|
Licensing & DEA Registration
|
$3,000 - $15,000 | $5,300 - $17,100 | -20% |
|
Clinic Space & Build-Out
|
$82,600 - $660,900 | $347,800 - $2,782,600 | -76% |
|
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
|
$17,400 - $87,000 | $29,000 - $145,000 | -40% |
|
Initial Pharmacy & Supplies
|
$15,000 - $60,000 | $15,000 - $60,000 | Same |
|
Working Capital (3 Months)
|
$36,200 - $181,000 | $74,900 - $374,400 | -52% |
| Total Estimated Cost | $247,000 - $1,459,000 | $565,000 - $3,834,000 | -61% |
Local Market Factors
| Factor | Fayetteville | New York |
|---|---|---|
| Cost of Living Index | 90.5 | 187.2 |
| Commercial Rent ($/sqft/yr) | $12 - $26 | $40 - $120 |
| Labor Rate Index | 0.87 | 1.45 |
| Sales Tax | 9.75% | 8.875% |
| Minimum Wage | $11.00/hr | $16.00/hr |
| LLC Filing Fee | $45 | $200 |
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