Laundromat Startup Cost Comparison
Palm Bay, FL vs Miami, FL
Palm Bay, FL
$137,000 - $748,000
COL Index: 96.5
VS
Miami, FL
$173,000 - $983,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Palm Bay, FL | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$500 - $3,000 | $500 - $3,000 | Same |
|
Commercial Lease & Build-Out
|
$28,000 - $187,000 | $58,700 - $391,300 | -52% |
|
Washers & Dryers
|
$80,000 - $400,000 | $80,000 - $400,000 | Same |
|
Utility Infrastructure
|
$9,000 - $72,000 | $10,800 - $86,400 | -17% |
|
Payment System
|
$5,000 - $20,000 | $5,000 - $20,000 | Same |
|
Business Insurance (Annual)
|
$3,000 - $10,000 | $3,000 - $10,000 | Same |
|
Marketing & Signage
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Working Capital (3 Months)
|
$9,700 - $48,300 | $12,800 - $64,200 | -25% |
| Total Estimated Cost | $137,000 - $748,000 | $173,000 - $983,000 | -23% |
Local Market Factors
| Factor | Palm Bay | Miami |
|---|---|---|
| Cost of Living Index | 96.5 | 128.3 |
| Commercial Rent ($/sqft/yr) | $13 - $30 | $25 - $65 |
| Labor Rate Index | 0.9 | 1.08 |
| Sales Tax | 7.5% | 7% |
| Minimum Wage | $13.00/hr | $13.00/hr |
| LLC Filing Fee | $125 | $125 |
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