Beauty Supply Store Startup Cost Comparison
St. Paul, MN vs Houston, TX
St. Paul, MN
$23,000 - $112,000
COL Index: 104.5
VS
Houston, TX
$26,000 - $130,000
COL Index: 96.5
Detailed Cost Comparison
| Expense | St. Paul, MN | Houston, TX | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$12,500 - $62,600 | $16,400 - $82,200 | -24% |
|
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)
|
$4,700 - $15,700 | $4,300 - $14,500 | +9% |
| Total Estimated Cost | $23,000 - $112,000 | $26,000 - $130,000 | -13% |
Local Market Factors
| Factor | St. Paul | Houston |
|---|---|---|
| Cost of Living Index | 104.5 | 96.5 |
| Commercial Rent ($/sqft/yr) | $14 - $34 | $18 - $45 |
| Labor Rate Index | 1.02 | 0.92 |
| Sales Tax | 8.375% | 8.25% |
| Minimum Wage | $15.57/hr | $7.25/hr |
| LLC Filing Fee | $155 | $300 |
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