Photo sourced from: CreditPeter and Maria Hoey
We all know everything in New York is more expensive, from the rent to simply getting a cup of coffee and bagel in the morning. Despite this knowledge of how expensive New York is, we keep coming back and we can’t leave. So if you think living in New York is expensive, just think about how much it is to run a profitable restaurant. The New York Times took the time to compare the price differences in rents, labor costs, and food costs in New York and California. The differences are almost enough to make any New Yorker want to hop on a plane and start a business in California. Rents in New York are almost twice as much as they are in California. Labor is cheaper to staff in California, and food costs are cheaper in California and even more so when California produce is in season. To read more about these numbers click here.
Leave a Reply