Dental Practice Startup Cost Comparison
Hilo, HI vs Houston, TX
Hilo, HI
$350,000 - $871,000
COL Index: 170.5
VS
Houston, TX
$301,000 - $752,000
COL Index: 96.5
Detailed Cost Comparison
| Expense | Hilo, HI | Houston, TX | Difference |
|---|---|---|---|
|
Business Formation & Dental Licensing
|
$3,000 - $12,000 | $3,000 - $12,000 | Same |
|
Commercial Lease (First + Last + Security)
|
$15,100 - $56,700 | $16,400 - $61,600 | -8% |
|
Dental Equipment & Technology
|
$150,000 - $350,000 | $150,000 - $350,000 | Same |
|
Dental Supplies & Materials
|
$10,000 - $30,000 | $10,000 - $30,000 | Same |
|
Dental Office Build-Out
|
$69,000 - $172,500 | $55,200 - $138,000 | +25% |
|
Malpractice & Business Insurance (Annual)
|
$8,000 - $20,000 | $8,000 - $20,000 | Same |
|
Marketing & Patient Acquisition
|
$10,000 - $25,000 | $10,000 - $25,000 | Same |
|
Working Capital (3-6 Months)
|
$85,300 - $204,600 | $48,300 - $115,800 | +77% |
| Total Estimated Cost | $350,000 - $871,000 | $301,000 - $752,000 | +16% |
Local Market Factors
| Factor | Hilo | Houston |
|---|---|---|
| Cost of Living Index | 170.5 | 96.5 |
| Commercial Rent ($/sqft/yr) | $18 - $40 | $18 - $45 |
| Labor Rate Index | 1.15 | 0.92 |
| Sales Tax | 4.5% | 8.25% |
| Minimum Wage | $14.00/hr | $7.25/hr |
| LLC Filing Fee | $50 | $300 |
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