Gas Station Startup Cost Comparison
Memphis, TN vs Houston, TX
Memphis, TN
$159,000 - $1,219,000
COL Index: 87.6
VS
Houston, TX
$212,000 - $1,637,000
COL Index: 96.5
Detailed Cost Comparison
| Expense | Memphis, TN | Houston, TX | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$87,000 - $695,700 | $137,000 - $1,095,700 | -37% |
|
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)
|
$32,900 - $175,200 | $36,200 - $193,000 | -9% |
| Total Estimated Cost | $159,000 - $1,219,000 | $212,000 - $1,637,000 | -25% |
Local Market Factors
| Factor | Memphis | Houston |
|---|---|---|
| Cost of Living Index | 87.6 | 96.5 |
| Commercial Rent ($/sqft/yr) | $12 - $28 | $18 - $45 |
| Labor Rate Index | 0.85 | 0.92 |
| Sales Tax | 9.75% | 8.25% |
| Minimum Wage | $7.25/hr | $7.25/hr |
| LLC Filing Fee | $300 | $300 |
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