Dental Practice Startup Cost Comparison

Meridian, ID vs Miami, FL

Meridian, ID

$304,000 - $752,000

COL Index: 105.6

VS

Miami, FL

$334,000 - $841,000

COL Index: 128.3

Detailed Cost Comparison

Expense Meridian, ID Miami, FL Difference
Business Formation & Dental Licensing
$3,000 - $12,000 $3,000 - $12,000 Same
Commercial Lease (First + Last + Security)
$11,000 - $41,100 $23,500 - $88,000 -53%
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
$58,800 - $147,000 $64,800 - $162,000 -9%
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)
$52,800 - $126,700 $64,200 - $154,000 -18%
Total Estimated Cost $304,000 - $752,000 $334,000 - $841,000 -10%

Local Market Factors

Factor Meridian Miami
Cost of Living Index 105.6 128.3
Commercial Rent ($/sqft/yr) $14 - $28 $25 - $65
Labor Rate Index 0.98 1.08
Sales Tax 6% 7%
Minimum Wage $7.25/hr $13.00/hr
LLC Filing Fee $100 $125

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