Cybersecurity Firm Startup Cost Comparison

Charlotte, NC vs Miami, FL

Charlotte, NC

$9,000 - $86,000

COL Index: 98.2

VS

Miami, FL

$12,000 - $117,000

COL Index: 128.3

Detailed Cost Comparison

Expense Charlotte, NC Miami, FL Difference
Business Registration & Licenses
$200 - $3,000 $200 - $3,000 Same
Space & Equipment
$5,000 - $50,400 $7,800 - $78,300 -36%
Initial Supplies & Inventory
$1,500 - $15,000 $1,500 - $15,000 Same
Business Insurance (Annual)
$500 - $3,000 $500 - $3,000 Same
Marketing & Launch
$500 - $5,000 $500 - $5,000 Same
Working Capital (3 Months)
$1,500 - $9,800 $1,900 - $12,800 -23%
Total Estimated Cost $9,000 - $86,000 $12,000 - $117,000 -26%

Local Market Factors

Factor Charlotte Miami
Cost of Living Index 98.2 128.3
Commercial Rent ($/sqft/yr) $16 - $42 $25 - $65
Labor Rate Index 0.98 1.08
Sales Tax 7.25% 7%
Minimum Wage $7.25/hr $13.00/hr
LLC Filing Fee $125 $125

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