The firm considered factors including commercial rent costs, average wages and LLC filing costs, according to a Jan. 17 news release sent to Becker’s.
The state offers the highest yearly commercial rent cost per square foot at $38.92, and the highest average weekly wage at $2,015.
It costs $200 on average to file an LLC in New York, which is the fourth most expensive in the country. New York also has the fourth-highest average sales tax rate at 4.5% and the fourth-highest hourly minimum wage at $14.20.
The 10 most expensive states to start a new ASC in 2024:
1. New York
2. Washington
3. Massachusetts
4. California
5. Illinois
6. New Jersey
7. Connecticut
8. Minnesota
9. Texas
10. Maryland
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
