Plant Nursery Startup Cost Comparison
Yonkers, NY vs Miami, FL
Yonkers, NY
$34,000 - $200,000
COL Index: 132.8
VS
Miami, FL
$34,000 - $208,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Yonkers, NY | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$3,600 - $11,700 | $2,600 - $9,500 | +26% |
|
Land Lease or Property
|
$7,600 - $60,900 | $9,800 - $78,300 | -22% |
|
Initial Plant Inventory
|
$5,000 - $35,000 | $5,000 - $35,000 | Same |
|
Shade Houses, Hoop Houses & Retail Building
|
$6,400 - $38,400 | $5,400 - $32,400 | +19% |
|
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)
|
$6,600 - $26,600 | $6,400 - $25,700 | +3% |
| Total Estimated Cost | $34,000 - $200,000 | $34,000 - $208,000 | -3% |
Local Market Factors
| Factor | Yonkers | Miami |
|---|---|---|
| Cost of Living Index | 132.8 | 128.3 |
| Commercial Rent ($/sqft/yr) | $22 - $48 | $25 - $65 |
| Labor Rate Index | 1.28 | 1.08 |
| Sales Tax | 8.875% | 7% |
| Minimum Wage | $16.00/hr | $13.00/hr |
| LLC Filing Fee | $200 | $125 |
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