Campground Startup Cost Comparison
Santa Fe, NM vs Miami, FL
Santa Fe, NM
$109,000 - $1,078,000
COL Index: 112.5
VS
Miami, FL
$138,000 - $1,431,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Santa Fe, NM | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,600 - $6,600 | $2,600 - $9,500 | -32% |
|
Land Purchase or Lease
|
$35,200 - $469,600 | $58,700 - $782,600 | -40% |
|
Site Development & Infrastructure
|
$30,600 - $306,000 | $32,400 - $324,000 | -6% |
|
Bathhouse & Facilities
|
$15,300 - $122,400 | $16,200 - $129,600 | -6% |
|
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)
|
$11,300 - $90,000 | $12,800 - $102,600 | -12% |
| Total Estimated Cost | $109,000 - $1,078,000 | $138,000 - $1,431,000 | -24% |
Local Market Factors
| Factor | Santa Fe | Miami |
|---|---|---|
| Cost of Living Index | 112.5 | 128.3 |
| Commercial Rent ($/sqft/yr) | $16 - $38 | $25 - $65 |
| Labor Rate Index | 1.02 | 1.08 |
| Sales Tax | 8.4375% | 7% |
| Minimum Wage | $14.60/hr | $13.00/hr |
| LLC Filing Fee | $50 | $125 |
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