Starting a Business in Tompkins County, NY

What does it cost to start a business in Tompkins County? Here are the numbers.

Avg Startup Cost

$52,496

Monthly Overhead

$1,980

Est. Break-Even

30 mo

Runway

27 mo

Local Business Economics

Cost Factors

Commercial Rent (est.)$1,980/mo
Median Household Income$69,995
Property Tax Rate2.4%

Population (market size)102,555

Market Context

Median Home Value$264,300
Homeownership Rate54.3%
Median Rent$1,320/mo

CountyTompkins County

About Tompkins County, New York

Tompkins County in New York has a population of 102,555 and a median household income of $69,995. The larger population base provides a strong potential customer pool for new businesses.

These are starting estimates based on county-level data. Your actual startup costs depend on your industry, business model, location within the county, and dozens of other factors. Use our calculator for a detailed viability analysis.

Analyze Your Business Viability in Tompkins County

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Other Counties in New York

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: SBA, BLS. Estimates based on county-level medians. This is not financial advice.