Yoga Studio Startup Cost Comparison
Madison, WI vs New York, NY
Madison, WI
$42,000 - $168,000
COL Index: 102.5
VS
New York, NY
$77,000 - $312,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Madison, WI | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$900 - $4,600 | $5,300 - $17,100 | -75% |
|
Commercial Lease (First + Last + Security)
|
$6,000 - $30,000 | $20,900 - $104,300 | -71% |
|
Studio Equipment & Props
|
$5,000 - $18,000 | $5,000 - $18,000 | Same |
|
Studio Build-Out & Design
|
$14,700 - $58,800 | $21,800 - $87,000 | -32% |
|
Technology & Booking Platform
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Business Insurance (Annual)
|
$1,500 - $4,500 | $1,500 - $4,500 | Same |
|
Marketing & Launch
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Working Capital (3 Months)
|
$10,300 - $35,900 | $18,700 - $65,500 | -45% |
| Total Estimated Cost | $42,000 - $168,000 | $77,000 - $312,000 | -46% |
Local Market Factors
| Factor | Madison | New York |
|---|---|---|
| Cost of Living Index | 102.5 | 187.2 |
| Commercial Rent ($/sqft/yr) | $14 - $32 | $40 - $120 |
| Labor Rate Index | 0.98 | 1.45 |
| Sales Tax | 5.5% | 8.875% |
| Minimum Wage | $7.25/hr | $16.00/hr |
| LLC Filing Fee | $130 | $200 |
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