Med Spa Startup Cost Comparison
Seattle, WA vs Miami, FL
Seattle, WA
$242,000 - $717,000
COL Index: 147.1
VS
Miami, FL
$221,000 - $650,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Seattle, WA | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Medical Licensing
|
$2,800 - $12,200 | $2,600 - $10,000 | +19% |
|
Commercial Lease (First + Last + Security)
|
$26,100 - $114,100 | $23,500 - $102,700 | +11% |
|
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
|
$56,000 - $168,000 | $43,200 - $129,600 | +30% |
|
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)
|
$44,100 - $117,700 | $38,500 - $102,600 | +15% |
| Total Estimated Cost | $242,000 - $717,000 | $221,000 - $650,000 | +10% |
Local Market Factors
| Factor | Seattle | Miami |
|---|---|---|
| Cost of Living Index | 147.1 | 128.3 |
| Commercial Rent ($/sqft/yr) | $28 - $72 | $25 - $65 |
| Labor Rate Index | 1.4 | 1.08 |
| Sales Tax | 10.25% | 7% |
| Minimum Wage | $19.97/hr | $13.00/hr |
| LLC Filing Fee | $200 | $125 |
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