Boutique Startup Cost Comparison
Jackson, MS vs Miami, FL
Jackson, MS
$39,000 - $192,000
COL Index: 83.5
VS
Miami, FL
$53,000 - $272,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Jackson, MS | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Permits
|
$700 - $3,300 | $2,600 - $9,500 | -67% |
|
Commercial Lease (First + Last + Security)
|
$3,100 - $25,000 | $8,800 - $70,400 | -65% |
|
Initial Inventory Purchase
|
$15,000 - $70,000 | $15,000 - $70,000 | Same |
|
Store Build-Out & Fixtures
|
$8,200 - $41,000 | $10,800 - $54,000 | -24% |
|
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)
|
$6,700 - $29,200 | $10,300 - $44,900 | -35% |
| Total Estimated Cost | $39,000 - $192,000 | $53,000 - $272,000 | -29% |
Local Market Factors
| Factor | Jackson | Miami |
|---|---|---|
| Cost of Living Index | 83.5 | 128.3 |
| Commercial Rent ($/sqft/yr) | $10 - $22 | $25 - $65 |
| Labor Rate Index | 0.82 | 1.08 |
| Sales Tax | 8% | 7% |
| Minimum Wage | $7.25/hr | $13.00/hr |
| LLC Filing Fee | $50 | $125 |
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