Boutique Startup Cost Comparison

Boise, ID vs Miami, FL

Boise, ID

$44,000 - $222,000

COL Index: 107.5

VS

Miami, FL

$53,000 - $272,000

COL Index: 128.3

Detailed Cost Comparison

Expense Boise, ID Miami, FL Difference
Business Registration & Permits
$1,400 - $6,100 $2,600 - $9,500 -38%
Commercial Lease (First + Last + Security)
$4,500 - $36,000 $8,800 - $70,400 -49%
Initial Inventory Purchase
$15,000 - $70,000 $15,000 - $70,000 Same
Store Build-Out & Fixtures
$9,800 - $49,000 $10,800 - $54,000 -9%
POS System & Technology
$1,500 - $6,000 $1,500 - $6,000 Same
Business Insurance (Annual)
$1,500 - $5,000 $1,500 - $5,000 Same
Marketing & Branding
$2,000 - $12,000 $2,000 - $12,000 Same
Working Capital (3 Months)
$8,600 - $37,600 $10,300 - $44,900 -16%
Total Estimated Cost $44,000 - $222,000 $53,000 - $272,000 -18%

Local Market Factors

Factor Boise Miami
Cost of Living Index 107.5 128.3
Commercial Rent ($/sqft/yr) $14 - $32 $25 - $65
Labor Rate Index 0.98 1.08
Sales Tax 6% 7%
Minimum Wage $7.25/hr $13.00/hr
LLC Filing Fee $100 $125

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