Home Health Care Agency Startup Cost Comparison
Minneapolis, MN vs Houston, TX
Minneapolis, MN
$50,000 - $349,000
COL Index: 109.5
VS
Houston, TX
$47,000 - $325,000
COL Index: 96.5
Detailed Cost Comparison
| Expense | Minneapolis, MN | Houston, TX | Difference |
|---|---|---|---|
|
Licensing & Certification
|
$5,000 - $50,000 | $5,000 - $50,000 | Same |
|
Office Space Setup
|
$4,100 - $27,400 | $4,100 - $27,400 | Same |
|
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
|
$5,400 - $32,400 | $4,600 - $27,600 | +17% |
|
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)
|
$21,900 - $164,300 | $19,300 - $144,800 | +13% |
| Total Estimated Cost | $50,000 - $349,000 | $47,000 - $325,000 | +7% |
Local Market Factors
| Factor | Minneapolis | Houston |
|---|---|---|
| Cost of Living Index | 109.5 | 96.5 |
| Commercial Rent ($/sqft/yr) | $18 - $45 | $18 - $45 |
| Labor Rate Index | 1.08 | 0.92 |
| Sales Tax | 8.025% | 8.25% |
| Minimum Wage | $15.57/hr | $7.25/hr |
| LLC Filing Fee | $155 | $300 |
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