Barbershop Startup Cost Comparison
Minneapolis, MN vs Miami, FL
Minneapolis, MN
$42,000 - $159,000
COL Index: 109.5
VS
Miami, FL
$48,000 - $180,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Minneapolis, MN | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,400 - $6,300 | $2,600 - $9,500 | -36% |
|
Commercial Lease (First + Last + Security)
|
$6,200 - $30,800 | $8,800 - $44,000 | -30% |
|
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
|
$10,800 - $37,800 | $10,800 - $37,800 | Same |
|
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)
|
$8,800 - $27,400 | $10,300 - $32,100 | -15% |
| Total Estimated Cost | $42,000 - $159,000 | $48,000 - $180,000 | -12% |
Local Market Factors
| Factor | Minneapolis | Miami |
|---|---|---|
| Cost of Living Index | 109.5 | 128.3 |
| Commercial Rent ($/sqft/yr) | $18 - $45 | $25 - $65 |
| Labor Rate Index | 1.08 | 1.08 |
| Sales Tax | 8.025% | 7% |
| Minimum Wage | $15.57/hr | $13.00/hr |
| LLC Filing Fee | $155 | $125 |
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