Barbershop Startup Cost Comparison

Greensboro, NC vs Miami, FL

Greensboro, NC

$35,000 - $132,000

COL Index: 90.4

VS

Miami, FL

$48,000 - $180,000

COL Index: 128.3

Detailed Cost Comparison

Expense Greensboro, NC Miami, FL Difference
Business Registration & Licenses
$1,100 - $5,000 $2,600 - $9,500 -50%
Commercial Lease (First + Last + Security)
$3,100 - $15,700 $8,800 - $44,000 -64%
Barber Chairs & Stations
$10,000 - $40,000 $10,000 - $40,000 Same
Initial Product Inventory
$1,500 - $5,000 $1,500 - $5,000 Same
Interior Build-Out & Design
$9,000 - $31,500 $10,800 - $37,800 -17%
Business Insurance (Annual)
$1,500 - $5,000 $1,500 - $5,000 Same
Marketing & Launch
$2,000 - $7,000 $2,000 - $7,000 Same
Working Capital (3 Months)
$7,200 - $22,600 $10,300 - $32,100 -30%
Total Estimated Cost $35,000 - $132,000 $48,000 - $180,000 -27%

Local Market Factors

Factor Greensboro Miami
Cost of Living Index 90.4 128.3
Commercial Rent ($/sqft/yr) $10 - $22 $25 - $65
Labor Rate Index 0.9 1.08
Sales Tax 6.75% 7%
Minimum Wage $7.25/hr $13.00/hr
LLC Filing Fee $125 $125

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