Med Spa Startup Cost Comparison
Washington, DC vs Miami, FL
Washington, DC
$247,000 - $732,000
COL Index: 148.7
VS
Miami, FL
$221,000 - $650,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Washington, DC | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Medical Licensing
|
$3,800 - $12,300 | $2,600 - $10,000 | +28% |
|
Commercial Lease (First + Last + Security)
|
$28,700 - $125,500 | $23,500 - $102,700 | +22% |
|
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
|
$56,800 - $170,400 | $43,200 - $129,600 | +31% |
|
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)
|
$44,600 - $119,000 | $38,500 - $102,600 | +16% |
| Total Estimated Cost | $247,000 - $732,000 | $221,000 - $650,000 | +12% |
Local Market Factors
| Factor | Washington | Miami |
|---|---|---|
| Cost of Living Index | 148.7 | 128.3 |
| Commercial Rent ($/sqft/yr) | $30 - $80 | $25 - $65 |
| Labor Rate Index | 1.42 | 1.08 |
| Sales Tax | 6% | 7% |
| Minimum Wage | $17.50/hr | $13.00/hr |
| LLC Filing Fee | $99 | $125 |
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