Beauty Supply Store Startup Cost Comparison
Miami, FL vs Los Angeles, CA
Miami, FL
$35,000 - $170,000
COL Index: 128.3
VS
Los Angeles, CA
$43,000 - $209,000
COL Index: 166.5
Detailed Cost Comparison
| Expense | Miami, FL | Los Angeles, CA | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$23,500 - $117,400 | $30,000 - $150,000 | -22% |
|
Initial Supplies & Inventory
|
$4,500 - $22,500 | $4,500 - $22,500 | Same |
|
Business Insurance (Annual)
|
$500 - $3,000 | $500 - $3,000 | Same |
|
Marketing & Launch
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Working Capital (3 Months)
|
$5,800 - $19,200 | $7,500 - $25,000 | -23% |
| Total Estimated Cost | $35,000 - $170,000 | $43,000 - $209,000 | -19% |
Local Market Factors
| Factor | Miami | Los Angeles |
|---|---|---|
| Cost of Living Index | 128.3 | 166.5 |
| Commercial Rent ($/sqft/yr) | $25 - $65 | $30 - $85 |
| Labor Rate Index | 1.08 | 1.35 |
| Sales Tax | 7% | 9.5% |
| Minimum Wage | $13.00/hr | $16.78/hr |
| LLC Filing Fee | $125 | $70 |
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