Daycare Startup Cost Comparison
Torrance, CA vs Miami, FL
Torrance, CA
$60,000 - $252,000
COL Index: 145.7
VS
Miami, FL
$56,000 - $242,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Torrance, CA | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Childcare License
|
$3,200 - $12,000 | $2,600 - $9,500 | +26% |
|
Commercial Lease (First + Last + Security)
|
$14,600 - $82,200 | $15,700 - $88,000 | -7% |
|
Furniture, Equipment & Toys
|
$8,000 - $30,000 | $8,000 - $30,000 | Same |
|
Safety & Compliance Build-Out
|
$6,400 - $32,000 | $5,400 - $27,000 | +19% |
|
Business Insurance (Annual)
|
$3,000 - $12,000 | $3,000 - $12,000 | Same |
|
Background Checks & Staff Training
|
$500 - $3,000 | $500 - $3,000 | Same |
|
Marketing & Enrollment Drive
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Working Capital (3 Months)
|
$21,900 - $72,900 | $19,200 - $64,200 | +14% |
| Total Estimated Cost | $60,000 - $252,000 | $56,000 - $242,000 | +5% |
Local Market Factors
| Factor | Torrance | Miami |
|---|---|---|
| Cost of Living Index | 145.7 | 128.3 |
| Commercial Rent ($/sqft/yr) | $26 - $58 | $25 - $65 |
| Labor Rate Index | 1.28 | 1.08 |
| Sales Tax | 10% | 7% |
| Minimum Wage | $16.00/hr | $13.00/hr |
| LLC Filing Fee | $70 | $125 |
View Full Details
Ready to Start Your Daycare?
Start your Daycare LLC in — free registered agent for 1 year.
Form Your LLC for $0 + State Fee →Trusted by 500,000+ businesses · Excellent rating on Trustpilot