Veterinary Clinic Startup Cost Comparison

Murfreesboro, TN vs New York, NY

Murfreesboro, TN

$260,000 - $1,557,000

COL Index: 94.5

VS

New York, NY

$565,000 - $3,834,000

COL Index: 187.2

Detailed Cost Comparison

Expense Murfreesboro, TN New York, NY Difference
Licensing & DEA Registration
$3,000 - $15,000 $5,300 - $17,100 -20%
Clinic Space & Build-Out
$93,500 - $747,800 $347,800 - $2,782,600 -73%
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
$18,000 - $90,000 $29,000 - $145,000 -38%
Initial Pharmacy & Supplies
$15,000 - $60,000 $15,000 - $60,000 Same
Working Capital (3 Months)
$37,800 - $189,000 $74,900 - $374,400 -50%
Total Estimated Cost $260,000 - $1,557,000 $565,000 - $3,834,000 -59%

Local Market Factors

Factor Murfreesboro New York
Cost of Living Index 94.5 187.2
Commercial Rent ($/sqft/yr) $13 - $30 $40 - $120
Labor Rate Index 0.9 1.45
Sales Tax 9.75% 8.875%
Minimum Wage $7.25/hr $16.00/hr
LLC Filing Fee $300 $200

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