Gas Station Startup Cost Comparison
Newark, NJ vs Miami, FL
Newark, NJ
$199,000 - $1,518,000
COL Index: 115.2
VS
Miami, FL
$283,000 - $2,170,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Newark, NJ | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$117,400 - $939,100 | $195,700 - $1,565,200 | -40% |
|
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)
|
$43,200 - $230,400 | $48,100 - $256,600 | -10% |
| Total Estimated Cost | $199,000 - $1,518,000 | $283,000 - $2,170,000 | -30% |
Local Market Factors
| Factor | Newark | Miami |
|---|---|---|
| Cost of Living Index | 115.2 | 128.3 |
| Commercial Rent ($/sqft/yr) | $16 - $38 | $25 - $65 |
| Labor Rate Index | 1.14 | 1.08 |
| Sales Tax | 6.625% | 7% |
| Minimum Wage | $15.49/hr | $13.00/hr |
| LLC Filing Fee | $125 | $125 |
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