Gym Startup Cost Comparison
El Paso, TX vs Miami, FL
El Paso, TX
$74,000 - $361,000
COL Index: 86.2
VS
Miami, FL
$100,000 - $499,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | El Paso, TX | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,800 - $5,900 | $2,600 - $9,500 | -36% |
|
Commercial Lease (First + Last + Security)
|
$9,100 - $54,800 | $23,500 - $140,900 | -61% |
|
Fitness Equipment
|
$30,000 - $150,000 | $30,000 - $150,000 | Same |
|
Interior Build-Out & Renovation
|
$12,000 - $64,000 | $16,200 - $86,400 | -26% |
|
Business Insurance (Annual)
|
$3,000 - $10,000 | $3,000 - $10,000 | Same |
|
Technology & Software
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Marketing & Pre-Sale Campaign
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Working Capital (3 Months)
|
$12,900 - $51,700 | $19,200 - $77,000 | -33% |
| Total Estimated Cost | $74,000 - $361,000 | $100,000 - $499,000 | -27% |
Local Market Factors
| Factor | El Paso | Miami |
|---|---|---|
| Cost of Living Index | 86.2 | 128.3 |
| Commercial Rent ($/sqft/yr) | $10 - $25 | $25 - $65 |
| Labor Rate Index | 0.8 | 1.08 |
| Sales Tax | 8.25% | 7% |
| Minimum Wage | $7.25/hr | $13.00/hr |
| LLC Filing Fee | $300 | $125 |
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