Consulting Business Startup Cost Comparison
Wilmington, DE vs Miami, FL
Wilmington, DE
$10,000 - $66,000
COL Index: 102.4
VS
Miami, FL
$12,000 - $74,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Wilmington, DE | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Formation
|
$1,900 - $6,300 | $2,600 - $9,500 | -32% |
|
Professional Licenses & Certifications
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Home Office Setup
|
$1,000 - $5,000 | $1,000 - $5,000 | Same |
|
Technology & Software
|
$1,500 - $6,000 | $1,500 - $6,000 | Same |
|
Website & Branding
|
$500 - $8,000 | $500 - $8,000 | Same |
|
Professional Liability Insurance
|
$800 - $5,000 | $800 - $5,000 | Same |
|
Marketing & Client Acquisition
|
$1,000 - $10,000 | $1,000 - $10,000 | Same |
|
Working Capital (3-6 months)
|
$3,100 - $20,500 | $3,800 - $25,700 | -20% |
| Total Estimated Cost | $10,000 - $66,000 | $12,000 - $74,000 | -12% |
Local Market Factors
| Factor | Wilmington | Miami |
|---|---|---|
| Cost of Living Index | 102.4 | 128.3 |
| Commercial Rent ($/sqft/yr) | $14 - $28 | $25 - $65 |
| Labor Rate Index | 1.02 | 1.08 |
| Sales Tax | 0% | 7% |
| Minimum Wage | $13.25/hr | $13.00/hr |
| LLC Filing Fee | $90 | $125 |
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