Pawn Shop Startup Cost Comparison
Lubbock, TX vs Houston, TX
Lubbock, TX
$29,000 - $115,000
COL Index: 86.9
VS
Houston, TX
$43,000 - $171,000
COL Index: 96.5
Detailed Cost Comparison
| Expense | Lubbock, TX | Houston, TX | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$13,900 - $55,700 | $27,400 - $109,600 | -49% |
|
Initial Supplies & Inventory
|
$7,500 - $30,000 | $7,500 - $30,000 | Same |
|
Business Insurance (Annual)
|
$500 - $4,000 | $500 - $4,000 | Same |
|
Marketing & Launch
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Working Capital (3 Months)
|
$6,500 - $17,400 | $7,200 - $19,300 | -10% |
| Total Estimated Cost | $29,000 - $115,000 | $43,000 - $171,000 | -33% |
Local Market Factors
| Factor | Lubbock | Houston |
|---|---|---|
| Cost of Living Index | 86.9 | 96.5 |
| Commercial Rent ($/sqft/yr) | $10 - $22 | $18 - $45 |
| Labor Rate Index | 0.85 | 0.92 |
| Sales Tax | 8.25% | 8.25% |
| Minimum Wage | $7.25/hr | $7.25/hr |
| LLC Filing Fee | $300 | $300 |
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