Plant Nursery Startup Cost Comparison
Hilo, HI vs Miami, FL
Hilo, HI
$33,000 - $190,000
COL Index: 170.5
VS
Miami, FL
$34,000 - $208,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Hilo, HI | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$2,000 - $8,500 | $2,600 - $9,500 | -13% |
|
Land Lease or Property
|
$6,300 - $50,400 | $9,800 - $78,300 | -36% |
|
Initial Plant Inventory
|
$5,000 - $35,000 | $5,000 - $35,000 | Same |
|
Shade Houses, Hoop Houses & Retail Building
|
$5,800 - $34,500 | $5,400 - $32,400 | +7% |
|
Irrigation System
|
$2,000 - $12,000 | $2,000 - $12,000 | Same |
|
Equipment & Supplies
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Marketing & Signage
|
$1,000 - $5,000 | $1,000 - $5,000 | Same |
|
Working Capital (3 Months)
|
$8,500 - $34,100 | $6,400 - $25,700 | +33% |
| Total Estimated Cost | $33,000 - $190,000 | $34,000 - $208,000 | -8% |
Local Market Factors
| Factor | Hilo | Miami |
|---|---|---|
| Cost of Living Index | 170.5 | 128.3 |
| Commercial Rent ($/sqft/yr) | $18 - $40 | $25 - $65 |
| Labor Rate Index | 1.15 | 1.08 |
| Sales Tax | 4.5% | 7% |
| Minimum Wage | $14.00/hr | $13.00/hr |
| LLC Filing Fee | $50 | $125 |
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