NYC vs SF – Startup Costs

The team at Focus.com has provided a fun infographic about the operating costs for a startup in New York versus San Francisco.

Toronto for Comparison

  • Coporate Income Tax Rate – Small Business 15.5%
    • Canada – 11%
    • Ontario – 4.5%
  • Salaries for Employees
    • Software Engineer – $75,000
    • Executive Assistant – $35,000
    • Graphic Designer – $50,000
    • Project Manager – $75,000
    • Web Developer – $55,000
  • Personal Income Tax – 31.15% (assumes range from $40k-$81k)
    • Federal – 22%
    • Ontario – 9.15%
  • Cost of Office Space – $1.67/square foot/month ($2o/square foot/year) (using general listing for A grade space from OfficeZilla)
  • Cost of Utilities/Taxes/etc – $12/square foot/year ($1/square foot/month)
All in all we’re not too bad.

Startup Costs - NYC vs SF

3 thoughts on “NYC vs SF – Startup Costs”

  1. Hi David,

    I’ve added a 4th city to your comparison, Montréal!  http://lcappelli.com/wordpress/?p=399.

    Best,

    Lydia

  2. Hi David,

    I’ve added a 4th city to your comparison, Montréal!  http://lcappelli.com/wordpress/?p=399.

    Best,

    Lydia

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