Lavender Farm Startup Cost Comparison
Norman, OK vs Los Angeles, CA
Norman, OK
$13,000 - $63,000
COL Index: 88.5
VS
Los Angeles, CA
$29,000 - $143,000
COL Index: 166.5
Detailed Cost Comparison
| Expense | Norman, OK | Los Angeles, CA | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$5,600 - $27,800 | $20,000 - $100,000 | -72% |
|
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 - $8,900 | $5,000 - $16,700 | -47% |
| Total Estimated Cost | $13,000 - $63,000 | $29,000 - $143,000 | -56% |
Local Market Factors
| Factor | Norman | Los Angeles |
|---|---|---|
| Cost of Living Index | 88.5 | 166.5 |
| Commercial Rent ($/sqft/yr) | $10 - $22 | $30 - $85 |
| Labor Rate Index | 0.86 | 1.35 |
| Sales Tax | 8.75% | 9.5% |
| Minimum Wage | $7.25/hr | $16.78/hr |
| LLC Filing Fee | $100 | $70 |
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