Home Health Care Agency Startup Cost Comparison
Evansville, IN vs Houston, TX
Evansville, IN
$41,000 - $285,000
COL Index: 83
VS
Houston, TX
$47,000 - $325,000
COL Index: 96.5
Detailed Cost Comparison
| Expense | Evansville, IN | Houston, TX | Difference |
|---|---|---|---|
|
Licensing & Certification
|
$5,000 - $50,000 | $5,000 - $50,000 | Same |
|
Office Space Setup
|
$1,700 - $11,300 | $4,100 - $27,400 | -59% |
|
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
|
$4,100 - $24,600 | $4,600 - $27,600 | -11% |
|
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)
|
$16,600 - $124,500 | $19,300 - $144,800 | -14% |
| Total Estimated Cost | $41,000 - $285,000 | $47,000 - $325,000 | -12% |
Local Market Factors
| Factor | Evansville | Houston |
|---|---|---|
| Cost of Living Index | 83 | 96.5 |
| Commercial Rent ($/sqft/yr) | $8 - $18 | $18 - $45 |
| Labor Rate Index | 0.82 | 0.92 |
| Sales Tax | 7% | 8.25% |
| Minimum Wage | $7.25/hr | $7.25/hr |
| LLC Filing Fee | $95 | $300 |
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