Financial Advisory Practice Startup Cost Comparison
Peoria, AZ vs Houston, TX
Peoria, AZ
$8,000 - $42,000
COL Index: 101.2
VS
Houston, TX
$10,000 - $51,000
COL Index: 96.5
Detailed Cost Comparison
| Expense | Peoria, AZ | Houston, TX | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$3,700 - $18,300 | $5,500 - $27,400 | -33% |
|
Initial Supplies & Inventory
|
$1,500 - $7,500 | $1,500 - $7,500 | Same |
|
Business Insurance (Annual)
|
$500 - $3,000 | $500 - $3,000 | Same |
|
Marketing & Launch
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Working Capital (3 Months)
|
$1,500 - $5,100 | $1,400 - $4,800 | +6% |
| Total Estimated Cost | $8,000 - $42,000 | $10,000 - $51,000 | -18% |
Local Market Factors
| Factor | Peoria | Houston |
|---|---|---|
| Cost of Living Index | 101.2 | 96.5 |
| Commercial Rent ($/sqft/yr) | $14 - $28 | $18 - $45 |
| Labor Rate Index | 0.96 | 0.92 |
| Sales Tax | 8.1% | 8.25% |
| Minimum Wage | $14.35/hr | $7.25/hr |
| LLC Filing Fee | $50 | $300 |
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