Campground Startup Cost Comparison
Norfolk, VA vs Miami, FL
Norfolk, VA
$95,000 - $902,000
COL Index: 97.6
VS
Miami, FL
$138,000 - $1,431,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Norfolk, VA | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$2,400 - $7,200 | $2,600 - $9,500 | -21% |
|
Land Purchase or Lease
|
$24,800 - $330,400 | $58,700 - $782,600 | -58% |
|
Site Development & Infrastructure
|
$28,800 - $288,000 | $32,400 - $324,000 | -11% |
|
Bathhouse & Facilities
|
$14,400 - $115,200 | $16,200 - $129,600 | -11% |
|
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)
|
$9,800 - $78,100 | $12,800 - $102,600 | -24% |
| Total Estimated Cost | $95,000 - $902,000 | $138,000 - $1,431,000 | -36% |
Local Market Factors
| Factor | Norfolk | Miami |
|---|---|---|
| Cost of Living Index | 97.6 | 128.3 |
| Commercial Rent ($/sqft/yr) | $12 - $26 | $25 - $65 |
| Labor Rate Index | 0.96 | 1.08 |
| Sales Tax | 6% | 7% |
| Minimum Wage | $12.41/hr | $13.00/hr |
| LLC Filing Fee | $100 | $125 |
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