After-School Program Startup Cost Comparison
Charleston, SC vs Miami, FL
Charleston, SC
$20,000 - $121,000
COL Index: 110.8
VS
Miami, FL
$25,000 - $146,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Charleston, SC | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licensing
|
$1,400 - $6,300 | $2,600 - $9,500 | -36% |
|
Facility Lease (First + Last + Security)
|
$3,800 - $30,300 | $5,900 - $47,000 | -36% |
|
Space Setup & Renovation
|
$3,200 - $19,100 | $3,200 - $19,400 | -1% |
|
Equipment & Supplies
|
$3,000 - $12,000 | $3,000 - $12,000 | Same |
|
Business Insurance (Annual)
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Transportation (Optional)
|
$0 - $12,000 | $0 - $12,000 | Same |
|
Marketing & Parent Outreach
|
$1,500 - $6,000 | $1,500 - $6,000 | Same |
|
Working Capital (3 Months)
|
$5,500 - $27,700 | $6,400 - $32,100 | -14% |
| Total Estimated Cost | $20,000 - $121,000 | $25,000 - $146,000 | -18% |
Local Market Factors
| Factor | Charleston | Miami |
|---|---|---|
| Cost of Living Index | 110.8 | 128.3 |
| Commercial Rent ($/sqft/yr) | $18 - $40 | $25 - $65 |
| Labor Rate Index | 1.06 | 1.08 |
| Sales Tax | 9% | 7% |
| Minimum Wage | $7.25/hr | $13.00/hr |
| LLC Filing Fee | $110 | $125 |
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