Hair Salon Startup Cost Comparison
Meridian, ID vs Miami, FL
Meridian, ID
$54,000 - $198,000
COL Index: 105.6
VS
Miami, FL
$65,000 - $245,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Meridian, ID | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,300 - $5,500 | $2,600 - $9,500 | -44% |
|
Commercial Lease (First + Last + Security)
|
$5,500 - $27,400 | $11,700 - $58,700 | -53% |
|
Salon Equipment & Stations
|
$15,000 - $60,000 | $15,000 - $60,000 | Same |
|
Initial Product Inventory
|
$3,000 - $10,000 | $3,000 - $10,000 | Same |
|
Interior Build-Out & Design
|
$14,700 - $49,000 | $16,200 - $54,000 | -9% |
|
Business Insurance (Annual)
|
$2,000 - $6,000 | $2,000 - $6,000 | Same |
|
Marketing & Launch
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Working Capital (3 Months)
|
$10,600 - $31,700 | $12,800 - $38,500 | -18% |
| Total Estimated Cost | $54,000 - $198,000 | $65,000 - $245,000 | -19% |
Local Market Factors
| Factor | Meridian | Miami |
|---|---|---|
| Cost of Living Index | 105.6 | 128.3 |
| Commercial Rent ($/sqft/yr) | $14 - $28 | $25 - $65 |
| Labor Rate Index | 0.98 | 1.08 |
| Sales Tax | 6% | 7% |
| Minimum Wage | $7.25/hr | $13.00/hr |
| LLC Filing Fee | $100 | $125 |
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