Home Health Care Agency Startup Cost Comparison
Fort Collins, CO vs Los Angeles, CA
Fort Collins, CO
$50,000 - $349,000
COL Index: 113.5
VS
Los Angeles, CA
$67,000 - $465,000
COL Index: 166.5
Detailed Cost Comparison
| Expense | Fort Collins, CO | Los Angeles, CA | Difference |
|---|---|---|---|
|
Licensing & Certification
|
$5,000 - $50,000 | $5,000 - $50,000 | Same |
|
Office Space Setup
|
$3,400 - $22,600 | $7,500 - $50,000 | -55% |
|
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
|
$5,300 - $31,500 | $6,800 - $40,500 | -22% |
|
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)
|
$22,700 - $170,300 | $33,300 - $249,800 | -32% |
| Total Estimated Cost | $50,000 - $349,000 | $67,000 - $465,000 | -25% |
Local Market Factors
| Factor | Fort Collins | Los Angeles |
|---|---|---|
| Cost of Living Index | 113.5 | 166.5 |
| Commercial Rent ($/sqft/yr) | $16 - $36 | $30 - $85 |
| Labor Rate Index | 1.05 | 1.35 |
| Sales Tax | 7.65% | 9.5% |
| Minimum Wage | $14.42/hr | $16.78/hr |
| LLC Filing Fee | $50 | $70 |
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