Coworking Space Startup Cost Comparison
Jacksonville, FL vs Miami, FL
Jacksonville, FL
$74,000 - $359,000
COL Index: 96.2
VS
Miami, FL
$114,000 - $549,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Jacksonville, FL | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$43,500 - $217,400 | $78,300 - $391,300 | -44% |
|
Initial Supplies & Inventory
|
$15,000 - $75,000 | $15,000 - $75,000 | Same |
|
Business Insurance (Annual)
|
$500 - $10,000 | $500 - $10,000 | Same |
|
Marketing & Launch
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Working Capital (3 Months)
|
$14,400 - $48,100 | $19,200 - $64,200 | -25% |
| Total Estimated Cost | $74,000 - $359,000 | $114,000 - $549,000 | -35% |
Local Market Factors
| Factor | Jacksonville | Miami |
|---|---|---|
| Cost of Living Index | 96.2 | 128.3 |
| Commercial Rent ($/sqft/yr) | $15 - $35 | $25 - $65 |
| Labor Rate Index | 0.9 | 1.08 |
| Sales Tax | 7.5% | 7% |
| Minimum Wage | $13.00/hr | $13.00/hr |
| LLC Filing Fee | $125 | $125 |
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