Gas Station Startup Cost Comparison
Canton, OH vs Miami, FL
Canton, OH
$132,000 - $1,007,000
COL Index: 85.8
VS
Miami, FL
$283,000 - $2,170,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Canton, OH | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$60,900 - $487,000 | $195,700 - $1,565,200 | -69% |
|
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)
|
$32,200 - $171,600 | $48,100 - $256,600 | -33% |
| Total Estimated Cost | $132,000 - $1,007,000 | $283,000 - $2,170,000 | -54% |
Local Market Factors
| Factor | Canton | Miami |
|---|---|---|
| Cost of Living Index | 85.8 | 128.3 |
| Commercial Rent ($/sqft/yr) | $8 - $20 | $25 - $65 |
| Labor Rate Index | 0.78 | 1.08 |
| Sales Tax | 7.25% | 7% |
| Minimum Wage | $10.45/hr | $13.00/hr |
| LLC Filing Fee | $99 | $125 |
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