Plant Nursery Startup Cost Comparison
Peoria, IL vs Miami, FL
Peoria, IL
$22,000 - $130,000
COL Index: 85
VS
Miami, FL
$34,000 - $208,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Peoria, IL | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$700 - $3,300 | $2,600 - $9,500 | -67% |
|
Land Lease or Property
|
$2,800 - $22,600 | $9,800 - $78,300 | -71% |
|
Initial Plant Inventory
|
$5,000 - $35,000 | $5,000 - $35,000 | Same |
|
Shade Houses, Hoop Houses & Retail Building
|
$4,300 - $25,500 | $5,400 - $32,400 | -21% |
|
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)
|
$4,300 - $17,000 | $6,400 - $25,700 | -34% |
| Total Estimated Cost | $22,000 - $130,000 | $34,000 - $208,000 | -37% |
Local Market Factors
| Factor | Peoria | Miami |
|---|---|---|
| Cost of Living Index | 85 | 128.3 |
| Commercial Rent ($/sqft/yr) | $8 - $18 | $25 - $65 |
| Labor Rate Index | 0.85 | 1.08 |
| Sales Tax | 9.5% | 7% |
| Minimum Wage | $14.00/hr | $13.00/hr |
| LLC Filing Fee | $150 | $125 |
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