Gas Station Startup Cost Comparison
Boca Raton, FL vs Miami, FL
Boca Raton, FL
$244,000 - $1,872,000
COL Index: 118.5
VS
Miami, FL
$283,000 - $2,170,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Boca Raton, FL | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$160,900 - $1,287,000 | $195,700 - $1,565,200 | -18% |
|
Initial Supplies & Inventory
|
$37,500 - $300,000 | $37,500 - $300,000 | Same |
|
Business Insurance (Annual)
|
$500 - $40,000 | $500 - $40,000 | Same |
|
Marketing & Launch
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Working Capital (3 Months)
|
$44,400 - $237,000 | $48,100 - $256,600 | -8% |
| Total Estimated Cost | $244,000 - $1,872,000 | $283,000 - $2,170,000 | -14% |
Local Market Factors
| Factor | Boca Raton | Miami |
|---|---|---|
| Cost of Living Index | 118.5 | 128.3 |
| Commercial Rent ($/sqft/yr) | $24 - $50 | $25 - $65 |
| Labor Rate Index | 1.12 | 1.08 |
| Sales Tax | 7% | 7% |
| Minimum Wage | $13.00/hr | $13.00/hr |
| LLC Filing Fee | $125 | $125 |
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