Lavender Farm Startup Cost Comparison
West Palm Beach, FL vs Miami, FL
West Palm Beach, FL
$18,000 - $91,000
COL Index: 110.2
VS
Miami, FL
$24,000 - $117,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | West Palm Beach, FL | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$10,800 - $53,900 | $15,700 - $78,300 | -31% |
|
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)
|
$3,300 - $11,000 | $3,800 - $12,800 | -14% |
| Total Estimated Cost | $18,000 - $91,000 | $24,000 - $117,000 | -23% |
Local Market Factors
| Factor | West Palm Beach | Miami |
|---|---|---|
| Cost of Living Index | 110.2 | 128.3 |
| Commercial Rent ($/sqft/yr) | $20 - $42 | $25 - $65 |
| Labor Rate Index | 1.05 | 1.08 |
| Sales Tax | 7% | 7% |
| Minimum Wage | $13.00/hr | $13.00/hr |
| LLC Filing Fee | $125 | $125 |
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