Barbershop Startup Cost Comparison

Philadelphia, PA vs Miami, FL

Philadelphia, PA

$46,000 - $188,000

COL Index: 114.5

VS

Miami, FL

$48,000 - $180,000

COL Index: 128.3

Detailed Cost Comparison

Expense Philadelphia, PA Miami, FL Difference
Business Registration & Licenses
$3,600 - $26,600 $2,600 - $9,500 +150%
Commercial Lease (First + Last + Security)
$7,300 - $36,700 $8,800 - $44,000 -17%
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
$11,200 - $39,200 $10,800 - $37,800 +4%
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)
$9,200 - $28,600 $10,300 - $32,100 -11%
Total Estimated Cost $46,000 - $188,000 $48,000 - $180,000 +3%

Local Market Factors

Factor Philadelphia Miami
Cost of Living Index 114.5 128.3
Commercial Rent ($/sqft/yr) $20 - $55 $25 - $65
Labor Rate Index 1.12 1.08
Sales Tax 8% 7%
Minimum Wage $7.25/hr $13.00/hr
LLC Filing Fee $125 $125

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