Massage Therapy Practice Startup Cost Comparison
Charleston, WV vs Miami, FL
Charleston, WV
$4,000 - $33,000
COL Index: 80.4
VS
Miami, FL
$7,000 - $64,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Charleston, WV | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$1,000 - $10,400 | $3,900 - $39,100 | -73% |
|
Initial Supplies & Inventory
|
$800 - $7,500 | $800 - $7,500 | 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 - $4,000 | $1,000 - $6,400 | -38% |
| Total Estimated Cost | $4,000 - $33,000 | $7,000 - $64,000 | -48% |
Local Market Factors
| Factor | Charleston | Miami |
|---|---|---|
| Cost of Living Index | 80.4 | 128.3 |
| Commercial Rent ($/sqft/yr) | $8 - $16 | $25 - $65 |
| Labor Rate Index | 0.82 | 1.08 |
| Sales Tax | 7% | 7% |
| Minimum Wage | $8.75/hr | $13.00/hr |
| LLC Filing Fee | $100 | $125 |
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