Farm Startup Cost Comparison
Wilmington, NC vs Houston, TX
Wilmington, NC
$43,000 - $486,000
COL Index: 99.8
VS
Houston, TX
$45,000 - $574,000
COL Index: 96.5
Detailed Cost Comparison
| Expense | Wilmington, NC | Houston, TX | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,400 - $6,100 | $1,900 - $6,200 | -7% |
|
Land Purchase or Lease
|
$4,600 - $182,600 | $6,800 - $273,900 | -33% |
|
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
|
$4,800 - $57,000 | $4,600 - $55,200 | +3% |
|
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)
|
$10,000 - $49,900 | $9,700 - $48,300 | +3% |
| Total Estimated Cost | $43,000 - $486,000 | $45,000 - $574,000 | -15% |
Local Market Factors
| Factor | Wilmington | Houston |
|---|---|---|
| Cost of Living Index | 99.8 | 96.5 |
| Commercial Rent ($/sqft/yr) | $14 - $28 | $18 - $45 |
| Labor Rate Index | 0.95 | 0.92 |
| Sales Tax | 7% | 8.25% |
| Minimum Wage | $7.25/hr | $7.25/hr |
| LLC Filing Fee | $125 | $300 |
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