Campground Startup Cost Comparison
Akron, OH vs Miami, FL
Akron, OH
$80,000 - $740,000
COL Index: 86
VS
Miami, FL
$138,000 - $1,431,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Akron, OH | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,000 - $5,000 | $2,600 - $9,500 | -50% |
|
Land Purchase or Lease
|
$17,000 - $226,100 | $58,700 - $782,600 | -71% |
|
Site Development & Infrastructure
|
$25,500 - $255,000 | $32,400 - $324,000 | -21% |
|
Bathhouse & Facilities
|
$12,800 - $102,000 | $16,200 - $129,600 | -21% |
|
Equipment & Amenities
|
$8,000 - $50,000 | $8,000 - $50,000 | Same |
|
Business Insurance (Annual)
|
$4,000 - $18,000 | $4,000 - $18,000 | Same |
|
Marketing & Reservation System
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Working Capital (6 Months)
|
$8,600 - $68,800 | $12,800 - $102,600 | -33% |
| Total Estimated Cost | $80,000 - $740,000 | $138,000 - $1,431,000 | -48% |
Local Market Factors
| Factor | Akron | Miami |
|---|---|---|
| Cost of Living Index | 86 | 128.3 |
| Commercial Rent ($/sqft/yr) | $8 - $18 | $25 - $65 |
| Labor Rate Index | 0.85 | 1.08 |
| Sales Tax | 6.75% | 7% |
| Minimum Wage | $10.45/hr | $13.00/hr |
| LLC Filing Fee | $99 | $125 |
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