Convenience Store Startup Cost Comparison
Davenport, IA vs Miami, FL
Davenport, IA
$39,000 - $251,000
COL Index: 86.8
VS
Miami, FL
$61,000 - $400,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Davenport, IA | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Commercial Space & Build-Out
|
$10,100 - $70,800 | $29,300 - $205,400 | -66% |
|
Equipment & Fixtures
|
$12,500 - $87,500 | $12,500 - $87,500 | Same |
|
Initial Inventory & Supplies
|
$5,000 - $35,000 | $5,000 - $35,000 | Same |
|
Business Insurance (Annual)
|
$2,000 - $12,000 | $2,000 - $12,000 | Same |
|
Marketing & Grand Opening
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Working Capital (3 Months)
|
$6,500 - $30,400 | $9,600 - $44,900 | -32% |
| Total Estimated Cost | $39,000 - $251,000 | $61,000 - $400,000 | -37% |
Local Market Factors
| Factor | Davenport | Miami |
|---|---|---|
| Cost of Living Index | 86.8 | 128.3 |
| Commercial Rent ($/sqft/yr) | $9 - $22 | $25 - $65 |
| Labor Rate Index | 0.8 | 1.08 |
| Sales Tax | 7% | 7% |
| Minimum Wage | $7.25/hr | $13.00/hr |
| LLC Filing Fee | $50 | $125 |
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