Electrical Startup Cost Comparison
St. Paul, MN vs Houston, TX
St. Paul, MN
$18,000 - $95,000
COL Index: 104.5
VS
Houston, TX
$18,000 - $94,000
COL Index: 96.5
Detailed Cost Comparison
| Expense | St. Paul, MN | Houston, TX | Difference |
|---|---|---|---|
|
Business Registration & Electrical License
|
$1,400 - $6,100 | $1,900 - $6,200 | -7% |
|
Service Vehicle
|
$5,000 - $35,000 | $5,000 - $35,000 | Same |
|
Electrical Tools & Equipment
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Parts & Supplies Inventory
|
$1,000 - $5,000 | $1,000 - $5,000 | Same |
|
Business Insurance & Bonding (Annual)
|
$3,000 - $10,000 | $3,000 - $10,000 | Same |
|
Marketing & Lead Generation
|
$1,500 - $8,000 | $1,500 - $8,000 | Same |
|
Working Capital (3 Months)
|
$3,100 - $15,700 | $2,900 - $14,500 | +8% |
| Total Estimated Cost | $18,000 - $95,000 | $18,000 - $94,000 | +1% |
Local Market Factors
| Factor | St. Paul | Houston |
|---|---|---|
| Cost of Living Index | 104.5 | 96.5 |
| Commercial Rent ($/sqft/yr) | $14 - $34 | $18 - $45 |
| Labor Rate Index | 1.02 | 0.92 |
| Sales Tax | 8.375% | 8.25% |
| Minimum Wage | $15.57/hr | $7.25/hr |
| LLC Filing Fee | $155 | $300 |
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