Lavender Farm Startup Cost Comparison
Durham, NC vs Los Angeles, CA
Durham, NC
$16,000 - $78,000
COL Index: 102.8
VS
Los Angeles, CA
$29,000 - $143,000
COL Index: 166.5
Detailed Cost Comparison
| Expense | Durham, NC | Los Angeles, CA | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$8,300 - $41,700 | $20,000 - $100,000 | -58% |
|
Initial Supplies & Inventory
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Business Insurance (Annual)
|
$500 - $3,000 | $500 - $3,000 | Same |
|
Marketing & Launch
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Working Capital (3 Months)
|
$3,100 - $10,300 | $5,000 - $16,700 | -38% |
| Total Estimated Cost | $16,000 - $78,000 | $29,000 - $143,000 | -45% |
Local Market Factors
| Factor | Durham | Los Angeles |
|---|---|---|
| Cost of Living Index | 102.8 | 166.5 |
| Commercial Rent ($/sqft/yr) | $16 - $32 | $30 - $85 |
| Labor Rate Index | 1.04 | 1.35 |
| Sales Tax | 7.5% | 9.5% |
| Minimum Wage | $7.25/hr | $16.78/hr |
| LLC Filing Fee | $125 | $70 |
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