Med Spa Startup Cost Comparison

Worcester, MA vs Miami, FL

Worcester, MA

$204,000 - $589,000

COL Index: 112.4

VS

Miami, FL

$221,000 - $650,000

COL Index: 128.3

Detailed Cost Comparison

Expense Worcester, MA Miami, FL Difference
Business Registration & Medical Licensing
$3,500 - $16,500 $2,600 - $10,000 +59%
Commercial Lease (First + Last + Security)
$11,000 - $47,900 $23,500 - $102,700 -53%
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
$43,200 - $129,600 $43,200 - $129,600 Same
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)
$33,700 - $89,900 $38,500 - $102,600 -12%
Total Estimated Cost $204,000 - $589,000 $221,000 - $650,000 -9%

Local Market Factors

Factor Worcester Miami
Cost of Living Index 112.4 128.3
Commercial Rent ($/sqft/yr) $14 - $28 $25 - $65
Labor Rate Index 1.08 1.08
Sales Tax 6.25% 7%
Minimum Wage $15.00/hr $13.00/hr
LLC Filing Fee $500 $125

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