Handyman Startup Cost Comparison
Newark, NJ vs Miami, FL
Newark, NJ
$19,000 - $94,000
COL Index: 115.2
VS
Miami, FL
$11,000 - $53,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Newark, NJ | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$10,600 - $51,700 | $2,600 - $9,500 | +415% |
|
Work Vehicle
|
$2,000 - $15,000 | $2,000 - $15,000 | Same |
|
Tools & Equipment
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Common Supplies & Hardware
|
$300 - $1,500 | $300 - $1,500 | Same |
|
Business Insurance (Annual)
|
$800 - $3,000 | $800 - $3,000 | Same |
|
Marketing & Lead Generation
|
$500 - $4,000 | $500 - $4,000 | Same |
|
Working Capital (3 Months)
|
$2,300 - $9,200 | $2,600 - $10,300 | -11% |
| Total Estimated Cost | $19,000 - $94,000 | $11,000 - $53,000 | +77% |
Local Market Factors
| Factor | Newark | Miami |
|---|---|---|
| Cost of Living Index | 115.2 | 128.3 |
| Commercial Rent ($/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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