Gift Shop Startup Cost Comparison
Honolulu, HI vs Houston, TX
Honolulu, HI
$43,000 - $210,000
COL Index: 192.5
VS
Houston, TX
$31,000 - $149,000
COL Index: 96.5
Detailed Cost Comparison
| Expense | Honolulu, HI | Houston, TX | Difference |
|---|---|---|---|
|
Business Registration & Permits
|
$2,600 - $9,700 | $1,900 - $6,200 | +52% |
|
Commercial Lease (First + Last + Security)
|
$8,200 - $61,600 | $4,900 - $37,000 | +67% |
|
Initial Inventory
|
$10,000 - $40,000 | $10,000 - $40,000 | Same |
|
Store Build-Out & Display
|
$6,500 - $39,000 | $4,600 - $27,600 | +41% |
|
POS System & E-Commerce
|
$1,000 - $5,000 | $1,000 - $5,000 | Same |
|
Business Insurance (Annual)
|
$1,200 - $4,000 | $1,200 - $4,000 | Same |
|
Marketing & Seasonal Promotion
|
$1,500 - $8,000 | $1,500 - $8,000 | Same |
|
Working Capital (3 Months)
|
$11,600 - $42,400 | $5,800 - $21,200 | +100% |
| Total Estimated Cost | $43,000 - $210,000 | $31,000 - $149,000 | +41% |
Local Market Factors
| Factor | Honolulu | Houston |
|---|---|---|
| Cost of Living Index | 192.5 | 96.5 |
| Commercial Rent ($/sqft/yr) | $30 - $75 | $18 - $45 |
| Labor Rate Index | 1.3 | 0.92 |
| Sales Tax | 4.5% | 8.25% |
| Minimum Wage | $14.00/hr | $7.25/hr |
| LLC Filing Fee | $50 | $300 |
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