Escape Room Startup Cost Comparison
Providence, RI vs Miami, FL
Providence, RI
$48,000 - $310,000
COL Index: 106.3
VS
Miami, FL
$64,000 - $418,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Providence, RI | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$500 - $3,000 | $500 - $3,000 | Same |
|
Commercial Lease & Build-Out
|
$15,000 - $100,000 | $29,300 - $195,700 | -49% |
|
Room Design & Construction
|
$15,800 - $126,000 | $16,200 - $129,600 | -3% |
|
Technology & Booking System
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Business Insurance (Annual)
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Marketing & Launch
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Working Capital (3 Months)
|
$8,500 - $42,500 | $10,300 - $51,300 | -17% |
| Total Estimated Cost | $48,000 - $310,000 | $64,000 - $418,000 | -26% |
Local Market Factors
| Factor | Providence | Miami |
|---|---|---|
| Cost of Living Index | 106.3 | 128.3 |
| Commercial Rent ($/sqft/yr) | $14 - $32 | $25 - $65 |
| Labor Rate Index | 1.05 | 1.08 |
| Sales Tax | 7% | 7% |
| Minimum Wage | $15.00/hr | $13.00/hr |
| LLC Filing Fee | $150 | $125 |
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