Acupuncture Practice Startup Cost Comparison

Joliet, IL vs Miami, FL

Joliet, IL

$7,000 - $45,000

COL Index: 93.5

VS

Miami, FL

$12,000 - $75,000

COL Index: 128.3

Detailed Cost Comparison

Expense Joliet, IL Miami, FL Difference
Business Registration & Licenses
$200 - $3,000 $200 - $3,000 Same
Space & Equipment
$3,300 - $19,800 $7,800 - $47,000 -58%
Initial Supplies & Inventory
$1,500 - $9,000 $1,500 - $9,000 Same
Business Insurance (Annual)
$500 - $3,000 $500 - $3,000 Same
Marketing & Launch
$500 - $5,000 $500 - $5,000 Same
Working Capital (3 Months)
$1,400 - $5,600 $1,900 - $7,700 -27%
Total Estimated Cost $7,000 - $45,000 $12,000 - $75,000 -40%

Local Market Factors

Factor Joliet Miami
Cost of Living Index 93.5 128.3
Commercial Rent ($/sqft/yr) $12 - $26 $25 - $65
Labor Rate Index 0.92 1.08
Sales Tax 8% 7%
Minimum Wage $14.00/hr $13.00/hr
LLC Filing Fee $150 $125

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