Gas Station Startup Cost Comparison

Cincinnati, OH vs Miami, FL

Cincinnati, OH

$161,000 - $1,231,000

COL Index: 93.5

VS

Miami, FL

$283,000 - $2,170,000

COL Index: 128.3

Detailed Cost Comparison

Expense Cincinnati, OH Miami, FL Difference
Business Registration & Licenses
$200 - $3,000 $200 - $3,000 Same
Space & Equipment
$87,000 - $695,700 $195,700 - $1,565,200 -56%
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)
$35,100 - $187,000 $48,100 - $256,600 -27%
Total Estimated Cost $161,000 - $1,231,000 $283,000 - $2,170,000 -43%

Local Market Factors

Factor Cincinnati Miami
Cost of Living Index 93.5 128.3
Commercial Rent ($/sqft/yr) $12 - $28 $25 - $65
Labor Rate Index 0.92 1.08
Sales Tax 7.8% 7%
Minimum Wage $10.45/hr $13.00/hr
LLC Filing Fee $99 $125

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