Personal Training Startup Cost Comparison
Cheyenne, WY vs Miami, FL
Cheyenne, WY
$12,000 - $79,000
COL Index: 95.5
VS
Miami, FL
$15,000 - $115,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Cheyenne, WY | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Certification
|
$900 - $3,600 | $2,600 - $9,500 | -63% |
|
Studio Lease or Gym Rental (First + Last + Security)
|
$0 - $11,000 | $0 - $35,200 | -69% |
|
Fitness Equipment
|
$3,000 - $30,000 | $3,000 - $30,000 | Same |
|
Software & Technology
|
$500 - $3,000 | $500 - $3,000 | Same |
|
Business & Liability Insurance (Annual)
|
$1,000 - $4,000 | $1,000 - $4,000 | Same |
|
Marketing & Client Acquisition
|
$1,500 - $8,000 | $1,500 - $8,000 | Same |
|
Working Capital (3 Months)
|
$4,800 - $19,100 | $6,400 - $25,700 | -26% |
| Total Estimated Cost | $12,000 - $79,000 | $15,000 - $115,000 | -30% |
Local Market Factors
| Factor | Cheyenne | Miami |
|---|---|---|
| Cost of Living Index | 95.5 | 128.3 |
| Commercial Rent ($/sqft/yr) | $8 - $20 | $25 - $65 |
| Labor Rate Index | 0.85 | 1.08 |
| Sales Tax | 6% | 7% |
| Minimum Wage | $7.25/hr | $13.00/hr |
| LLC Filing Fee | $100 | $125 |
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