Ice Cream Shop Startup Cost Comparison
Sioux Falls, SD vs Miami, FL
Sioux Falls, SD
$47,000 - $245,000
COL Index: 92.5
VS
Miami, FL
$59,000 - $308,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Sioux Falls, SD | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$700 - $3,300 | $2,600 - $9,500 | -67% |
|
Commercial Lease (First + Last + Security)
|
$3,900 - $21,100 | $9,800 - $52,800 | -60% |
|
Ice Cream Equipment & Fixtures
|
$20,000 - $100,000 | $20,000 - $100,000 | Same |
|
Initial Ingredients & Supplies
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Interior Build-Out & Design
|
$9,000 - $72,000 | $10,800 - $86,400 | -17% |
|
Business Insurance (Annual)
|
$1,500 - $5,000 | $1,500 - $5,000 | Same |
|
Marketing & Grand Opening
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Working Capital (3 Months)
|
$7,400 - $27,800 | $10,300 - $38,500 | -28% |
| Total Estimated Cost | $47,000 - $245,000 | $59,000 - $308,000 | -20% |
Local Market Factors
| Factor | Sioux Falls | Miami |
|---|---|---|
| Cost of Living Index | 92.5 | 128.3 |
| Commercial Rent ($/sqft/yr) | $12 - $24 | $25 - $65 |
| Labor Rate Index | 0.9 | 1.08 |
| Sales Tax | 6.5% | 7% |
| Minimum Wage | $11.20/hr | $13.00/hr |
| LLC Filing Fee | $150 | $125 |
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