Accounting Firm Startup Cost Comparison
Boise, ID vs Miami, FL
Boise, ID
$17,000 - $71,000
COL Index: 107.5
VS
Miami, FL
$22,000 - $92,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Boise, ID | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,400 - $6,100 | $2,600 - $9,500 | -38% |
|
CPA License & Certifications
|
$1,000 - $4,000 | $1,000 - $4,000 | Same |
|
Office Lease (First + Last + Security)
|
$3,000 - $15,000 | $5,900 - $29,300 | -49% |
|
Computers & Office Equipment
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Accounting Software & Subscriptions
|
$1,500 - $5,000 | $1,500 - $5,000 | Same |
|
Professional Liability Insurance (Annual)
|
$1,200 - $5,000 | $1,200 - $5,000 | Same |
|
Marketing & Client Acquisition
|
$1,500 - $8,000 | $1,500 - $8,000 | Same |
|
Working Capital (3 Months)
|
$5,400 - $19,400 | $6,400 - $23,100 | -16% |
| Total Estimated Cost | $17,000 - $71,000 | $22,000 - $92,000 | -23% |
Local Market Factors
| Factor | Boise | Miami |
|---|---|---|
| Cost of Living Index | 107.5 | 128.3 |
| Commercial Rent ($/sqft/yr) | $14 - $32 | $25 - $65 |
| Labor Rate Index | 0.98 | 1.08 |
| Sales Tax | 6% | 7% |
| Minimum Wage | $7.25/hr | $13.00/hr |
| LLC Filing Fee | $100 | $125 |
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