Med Spa Startup Cost Comparison

Paterson, NJ vs Miami, FL

Paterson, NJ

$204,000 - $591,000

COL Index: 104.6

VS

Miami, FL

$221,000 - $650,000

COL Index: 128.3

Detailed Cost Comparison

Expense Paterson, NJ Miami, FL Difference
Business Registration & Medical Licensing
$8,400 - $36,200 $2,600 - $10,000 +254%
Commercial Lease (First + Last + Security)
$9,900 - $43,400 $23,500 - $102,700 -58%
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
$40,800 - $122,400 $43,200 - $129,600 -6%
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)
$31,400 - $83,700 $38,500 - $102,600 -18%
Total Estimated Cost $204,000 - $591,000 $221,000 - $650,000 -9%

Local Market Factors

Factor Paterson Miami
Cost of Living Index 104.6 128.3
Commercial Rent ($/sqft/yr) $12 - $26 $25 - $65
Labor Rate Index 1.02 1.08
Sales Tax 6.625% 7%
Minimum Wage $15.49/hr $13.00/hr
LLC Filing Fee $125 $125

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