Martial Arts Studio Startup Cost Comparison
Salt Lake City, UT vs Miami, FL
Salt Lake City, UT
$28,000 - $139,000
COL Index: 107.5
VS
Miami, FL
$35,000 - $171,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Salt Lake City, UT | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,400 - $6,100 | $2,600 - $9,500 | -38% |
|
Studio Lease (First + Last + Security)
|
$6,100 - $34,100 | $9,800 - $54,800 | -38% |
|
Studio Build-Out
|
$5,100 - $25,500 | $5,400 - $27,000 | -6% |
|
Training Equipment & Gear
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Uniform & Merchandise Inventory
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Business Insurance (Annual)
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Marketing & Student Recruitment
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Working Capital (3 Months)
|
$6,500 - $32,300 | $7,700 - $38,500 | -16% |
| Total Estimated Cost | $28,000 - $139,000 | $35,000 - $171,000 | -19% |
Local Market Factors
| Factor | Salt Lake City | Miami |
|---|---|---|
| Cost of Living Index | 107.5 | 128.3 |
| Commercial Rent ($/sqft/yr) | $16 - $40 | $25 - $65 |
| Labor Rate Index | 1.02 | 1.08 |
| Sales Tax | 7.75% | 7% |
| Minimum Wage | $7.25/hr | $13.00/hr |
| LLC Filing Fee | $54 | $125 |
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