Dog Daycare Startup Cost Comparison
Lexington, KY vs Miami, FL
Lexington, KY
$29,000 - $196,000
COL Index: 91.2
VS
Miami, FL
$52,000 - $409,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Lexington, KY | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,300 - $6,000 | $2,600 - $9,500 | -40% |
|
Facility Lease & Build-Out
|
$10,400 - $104,300 | $29,300 - $293,500 | -64% |
|
Equipment & Supplies
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Business Insurance (Annual)
|
$3,000 - $10,000 | $3,000 - $10,000 | Same |
|
Initial Staff Training
|
$1,800 - $7,200 | $2,200 - $8,600 | -17% |
|
Marketing & Launch
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Working Capital (3 Months)
|
$7,300 - $45,600 | $10,300 - $64,200 | -29% |
| Total Estimated Cost | $29,000 - $196,000 | $52,000 - $409,000 | -51% |
Local Market Factors
| Factor | Lexington | Miami |
|---|---|---|
| Cost of Living Index | 91.2 | 128.3 |
| Commercial Rent ($/sqft/yr) | $10 - $22 | $25 - $65 |
| Labor Rate Index | 0.9 | 1.08 |
| Sales Tax | 6% | 7% |
| Minimum Wage | $7.25/hr | $13.00/hr |
| LLC Filing Fee | $40 | $125 |
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