Barbershop Startup Cost Comparison
Hilo, HI vs Miami, FL
Hilo, HI
$48,000 - $177,000
COL Index: 170.5
VS
Miami, FL
$48,000 - $180,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Hilo, HI | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$2,000 - $8,500 | $2,600 - $9,500 | -13% |
|
Commercial Lease (First + Last + Security)
|
$5,700 - $28,400 | $8,800 - $44,000 | -35% |
|
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
|
$11,500 - $40,300 | $10,800 - $37,800 | +7% |
|
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)
|
$13,600 - $42,600 | $10,300 - $32,100 | +33% |
| Total Estimated Cost | $48,000 - $177,000 | $48,000 - $180,000 | -1% |
Local Market Factors
| Factor | Hilo | Miami |
|---|---|---|
| Cost of Living Index | 170.5 | 128.3 |
| Commercial Rent ($/sqft/yr) | $18 - $40 | $25 - $65 |
| Labor Rate Index | 1.15 | 1.08 |
| Sales Tax | 4.5% | 7% |
| Minimum Wage | $14.00/hr | $13.00/hr |
| LLC Filing Fee | $50 | $125 |
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