Home Health Care Agency Startup Cost Comparison
Santa Fe, NM vs Houston, TX
Santa Fe, NM
$50,000 - $348,000
COL Index: 112.5
VS
Houston, TX
$47,000 - $325,000
COL Index: 96.5
Detailed Cost Comparison
| Expense | Santa Fe, NM | Houston, TX | Difference |
|---|---|---|---|
|
Licensing & Certification
|
$5,000 - $50,000 | $5,000 - $50,000 | Same |
|
Office Space Setup
|
$3,500 - $23,500 | $4,100 - $27,400 | -14% |
|
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
|
$5,100 - $30,600 | $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)
|
$22,500 - $168,800 | $19,300 - $144,800 | +17% |
| Total Estimated Cost | $50,000 - $348,000 | $47,000 - $325,000 | +7% |
Local Market Factors
| Factor | Santa Fe | Houston |
|---|---|---|
| Cost of Living Index | 112.5 | 96.5 |
| Commercial Rent ($/sqft/yr) | $16 - $38 | $18 - $45 |
| Labor Rate Index | 1.02 | 0.92 |
| Sales Tax | 8.4375% | 8.25% |
| Minimum Wage | $14.60/hr | $7.25/hr |
| LLC Filing Fee | $50 | $300 |
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