Plant Nursery Startup Cost Comparison
Miami, FL vs New York, NY
Miami, FL
$34,000 - $208,000
COL Index: 128.3
VS
New York, NY
$49,000 - $299,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Miami, FL | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$2,600 - $9,500 | $5,300 - $17,100 | -46% |
|
Land Lease or Property
|
$9,800 - $78,300 | $17,400 - $139,100 | -44% |
|
Initial Plant Inventory
|
$5,000 - $35,000 | $5,000 - $35,000 | Same |
|
Shade Houses, Hoop Houses & Retail Building
|
$5,400 - $32,400 | $7,300 - $43,500 | -26% |
|
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)
|
$6,400 - $25,700 | $9,400 - $37,400 | -31% |
| Total Estimated Cost | $34,000 - $208,000 | $49,000 - $299,000 | -30% |
Local Market Factors
| Factor | Miami | New York |
|---|---|---|
| Cost of Living Index | 128.3 | 187.2 |
| Commercial Rent ($/sqft/yr) | $25 - $65 | $40 - $120 |
| Labor Rate Index | 1.08 | 1.45 |
| Sales Tax | 7% | 8.875% |
| Minimum Wage | $13.00/hr | $16.00/hr |
| LLC Filing Fee | $125 | $200 |
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