Lavender Farm Startup Cost Comparison
Greenville, NC vs Miami, FL
Greenville, NC
$13,000 - $65,000
COL Index: 89.5
VS
Miami, FL
$24,000 - $117,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Greenville, NC | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$5,900 - $29,600 | $15,700 - $78,300 | -62% |
|
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)
|
$2,700 - $9,000 | $3,800 - $12,800 | -30% |
| Total Estimated Cost | $13,000 - $65,000 | $24,000 - $117,000 | -45% |
Local Market Factors
| Factor | Greenville | Miami |
|---|---|---|
| Cost of Living Index | 89.5 | 128.3 |
| Commercial Rent ($/sqft/yr) | $10 - $24 | $25 - $65 |
| Labor Rate Index | 0.82 | 1.08 |
| Sales Tax | 7% | 7% |
| Minimum Wage | $7.25/hr | $13.00/hr |
| LLC Filing Fee | $125 | $125 |
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