Plant Nursery Startup Cost Comparison
Norfolk, VA vs Miami, FL
Norfolk, VA
$26,000 - $151,000
COL Index: 97.6
VS
Miami, FL
$34,000 - $208,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Norfolk, VA | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$2,400 - $7,200 | $2,600 - $9,500 | -21% |
|
Land Lease or Property
|
$4,100 - $33,000 | $9,800 - $78,300 | -58% |
|
Initial Plant Inventory
|
$5,000 - $35,000 | $5,000 - $35,000 | Same |
|
Shade Houses, Hoop Houses & Retail Building
|
$4,800 - $28,800 | $5,400 - $32,400 | -11% |
|
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)
|
$4,900 - $19,500 | $6,400 - $25,700 | -24% |
| Total Estimated Cost | $26,000 - $151,000 | $34,000 - $208,000 | -27% |
Local Market Factors
| Factor | Norfolk | Miami |
|---|---|---|
| Cost of Living Index | 97.6 | 128.3 |
| Commercial Rent ($/sqft/yr) | $12 - $26 | $25 - $65 |
| Labor Rate Index | 0.96 | 1.08 |
| Sales Tax | 6% | 7% |
| Minimum Wage | $12.41/hr | $13.00/hr |
| LLC Filing Fee | $100 | $125 |
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