Gym Startup Cost Comparison

Trenton, NJ vs Miami, FL

Trenton, NJ

$83,000 - $406,000

COL Index: 100.8

VS

Miami, FL

$100,000 - $499,000

COL Index: 128.3

Detailed Cost Comparison

Expense Trenton, NJ Miami, FL Difference
Business Registration & Licenses
$5,400 - $26,200 $2,600 - $9,500 +161%
Commercial Lease (First + Last + Security)
$9,400 - $56,300 $23,500 - $140,900 -60%
Fitness Equipment
$30,000 - $150,000 $30,000 - $150,000 Same
Interior Build-Out & Renovation
$14,700 - $78,400 $16,200 - $86,400 -9%
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)
$15,100 - $60,500 $19,200 - $77,000 -21%
Total Estimated Cost $83,000 - $406,000 $100,000 - $499,000 -18%

Local Market Factors

Factor Trenton Miami
Cost of Living Index 100.8 128.3
Commercial Rent ($/sqft/yr) $12 - $24 $25 - $65
Labor Rate Index 0.98 1.08
Sales Tax 6.625% 7%
Minimum Wage $15.49/hr $13.00/hr
LLC Filing Fee $125 $125

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