Veterinary Clinic Startup Cost Comparison

Hilo, HI vs New York, NY

Hilo, HI

$328,000 - $1,995,000

COL Index: 170.5

VS

New York, NY

$565,000 - $3,834,000

COL Index: 187.2

Detailed Cost Comparison

Expense Hilo, HI New York, NY Difference
Licensing & DEA Registration
$3,000 - $15,000 $5,300 - $17,100 -20%
Clinic Space & Build-Out
$126,100 - $1,008,700 $347,800 - $2,782,600 -64%
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
$23,000 - $115,000 $29,000 - $145,000 -21%
Initial Pharmacy & Supplies
$15,000 - $60,000 $15,000 - $60,000 Same
Working Capital (3 Months)
$68,200 - $341,000 $74,900 - $374,400 -9%
Total Estimated Cost $328,000 - $1,995,000 $565,000 - $3,834,000 -47%

Local Market Factors

Factor Hilo New York
Cost of Living Index 170.5 187.2
Commercial Rent ($/sqft/yr) $18 - $40 $40 - $120
Labor Rate Index 1.15 1.45
Sales Tax 4.5% 8.875%
Minimum Wage $14.00/hr $16.00/hr
LLC Filing Fee $50 $200

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