HVAC Startup Cost Comparison
Hilo, HI vs Miami, FL
Hilo, HI
$31,000 - $153,000
COL Index: 170.5
VS
Miami, FL
$29,000 - $144,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Hilo, HI | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & HVAC License
|
$2,000 - $8,500 | $2,600 - $9,500 | -13% |
|
Service Vehicle(s)
|
$8,000 - $45,000 | $8,000 - $45,000 | Same |
|
HVAC Tools & Diagnostic Equipment
|
$5,000 - $25,000 | $5,000 - $25,000 | Same |
|
Parts & Refrigerant Inventory
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Business Insurance & Bonding (Annual)
|
$3,000 - $12,000 | $3,000 - $12,000 | Same |
|
Marketing & Lead Generation
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Working Capital (3 Months)
|
$8,500 - $42,600 | $6,400 - $32,100 | +33% |
| Total Estimated Cost | $31,000 - $153,000 | $29,000 - $144,000 | +6% |
Local Market Factors
| Factor | Hilo | Miami |
|---|---|---|
| Cost of Living Index | 170.5 | 128.3 |
| Commercial Rent ($/sqft/yr) | $18 - $40 | $25 - $65 |
| Labor Rate Index | 1.15 | 1.08 |
| Sales Tax | 4.5% | 7% |
| Minimum Wage | $14.00/hr | $13.00/hr |
| LLC Filing Fee | $50 | $125 |
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