Med Spa Startup Cost Comparison

Jacksonville, FL vs Miami, FL

Jacksonville, FL

$193,000 - $557,000

COL Index: 96.2

VS

Miami, FL

$221,000 - $650,000

COL Index: 128.3

Detailed Cost Comparison

Expense Jacksonville, FL Miami, FL Difference
Business Registration & Medical Licensing
$2,000 - $10,000 $2,600 - $10,000 -5%
Commercial Lease (First + Last + Security)
$13,000 - $57,100 $23,500 - $102,700 -44%
Medical & Aesthetic Equipment
$80,000 - $200,000 $80,000 - $200,000 Same
Initial Injectable & Product Inventory
$15,000 - $50,000 $15,000 - $50,000 Same
Medical Build-Out & Compliance
$36,000 - $108,000 $43,200 - $129,600 -17%
Business & Medical Malpractice Insurance
$8,000 - $25,000 $8,000 - $25,000 Same
Marketing & Patient Acquisition
$10,000 - $30,000 $10,000 - $30,000 Same
Working Capital (3 Months)
$28,900 - $77,000 $38,500 - $102,600 -25%
Total Estimated Cost $193,000 - $557,000 $221,000 - $650,000 -14%

Local Market Factors

Factor Jacksonville Miami
Cost of Living Index 96.2 128.3
Commercial Rent ($/sqft/yr) $15 - $35 $25 - $65
Labor Rate Index 0.9 1.08
Sales Tax 7.5% 7%
Minimum Wage $13.00/hr $13.00/hr
LLC Filing Fee $125 $125

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