Home Health Care Agency Startup Cost Comparison
Albuquerque, NM vs Los Angeles, CA
Albuquerque, NM
$45,000 - $308,000
COL Index: 93.2
VS
Los Angeles, CA
$67,000 - $465,000
COL Index: 166.5
Detailed Cost Comparison
| Expense | Albuquerque, NM | Los Angeles, CA | Difference |
|---|---|---|---|
|
Licensing & Certification
|
$5,000 - $50,000 | $5,000 - $50,000 | Same |
|
Office Space Setup
|
$2,600 - $17,400 | $7,500 - $50,000 | -65% |
|
Software & Technology
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Insurance & Bonding
|
$5,000 - $25,000 | $5,000 - $25,000 | Same |
|
Initial Caregiver Recruitment
|
$4,300 - $25,500 | $6,800 - $40,500 | -37% |
|
Compliance & Accreditation
|
$3,000 - $20,000 | $3,000 - $20,000 | Same |
|
Marketing & Referral Network
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Working Capital (3-6 Months)
|
$18,600 - $139,800 | $33,300 - $249,800 | -44% |
| Total Estimated Cost | $45,000 - $308,000 | $67,000 - $465,000 | -34% |
Local Market Factors
| Factor | Albuquerque | Los Angeles |
|---|---|---|
| Cost of Living Index | 93.2 | 166.5 |
| Commercial Rent ($/sqft/yr) | $12 - $28 | $30 - $85 |
| Labor Rate Index | 0.85 | 1.35 |
| Sales Tax | 7.875% | 9.5% |
| Minimum Wage | $14.00/hr | $16.78/hr |
| LLC Filing Fee | $50 | $70 |
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