Farm Startup Cost Comparison

Lansing, MI vs Houston, TX

Lansing, MI

$39,000 - $418,000

COL Index: 86.5

VS

Houston, TX

$45,000 - $574,000

COL Index: 96.5

Detailed Cost Comparison

Expense Lansing, MI Houston, TX Difference
Business Registration & Licenses
$800 - $3,300 $1,900 - $6,200 -49%
Land Purchase or Lease
$3,300 - $130,400 $6,800 - $273,900 -52%
Farm Equipment & Machinery
$15,000 - $120,000 $15,000 - $120,000 Same
Seeds, Plants, or Livestock
$2,000 - $30,000 $2,000 - $30,000 Same
Structures & Fencing
$4,300 - $51,000 $4,600 - $55,200 -8%
Irrigation System
$3,000 - $30,000 $3,000 - $30,000 Same
Farm Insurance (Annual)
$2,000 - $10,000 $2,000 - $10,000 Same
Working Capital (6 Months)
$8,700 - $43,300 $9,700 - $48,300 -10%
Total Estimated Cost $39,000 - $418,000 $45,000 - $574,000 -26%

Local Market Factors

Factor Lansing Houston
Cost of Living Index 86.5 96.5
Commercial Rent ($/sqft/yr) $10 - $20 $18 - $45
Labor Rate Index 0.85 0.92
Sales Tax 6% 8.25%
Minimum Wage $10.33/hr $7.25/hr
LLC Filing Fee $50 $300

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