Locksmith Business Startup Cost Comparison
Fort Wayne, IN vs Houston, TX
Fort Wayne, IN
$4,000 - $26,000
COL Index: 85.5
VS
Houston, TX
$5,000 - $35,000
COL Index: 96.5
Detailed Cost Comparison
| Expense | Fort Wayne, IN | Houston, TX | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$1,300 - $7,800 | $2,700 - $16,400 | -52% |
|
Initial Supplies & Inventory
|
$800 - $4,500 | $800 - $4,500 | Same |
|
Business Insurance (Annual)
|
$500 - $3,000 | $500 - $3,000 | Same |
|
Marketing & Launch
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Working Capital (3 Months)
|
$600 - $2,600 | $700 - $2,900 | -11% |
| Total Estimated Cost | $4,000 - $26,000 | $5,000 - $35,000 | -25% |
Local Market Factors
| Factor | Fort Wayne | Houston |
|---|---|---|
| Cost of Living Index | 85.5 | 96.5 |
| Commercial Rent ($/sqft/yr) | $10 - $20 | $18 - $45 |
| Labor Rate Index | 0.84 | 0.92 |
| Sales Tax | 7% | 8.25% |
| Minimum Wage | $7.25/hr | $7.25/hr |
| LLC Filing Fee | $95 | $300 |
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