Pet Boarding Facility Startup Cost Comparison
Albuquerque, NM vs Miami, FL
Albuquerque, NM
$41,000 - $352,000
COL Index: 93.2
VS
Miami, FL
$68,000 - $652,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Albuquerque, NM | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,300 - $5,900 | $2,600 - $9,500 | -40% |
|
Facility & Kennel Build-Out
|
$17,400 - $217,400 | $39,100 - $489,100 | -56% |
|
Kennels, Crates & Equipment
|
$5,000 - $40,000 | $5,000 - $40,000 | Same |
|
Business Insurance (Annual)
|
$3,000 - $12,000 | $3,000 - $12,000 | Same |
|
Initial Staff & Training
|
$2,600 - $12,800 | $3,200 - $16,200 | -21% |
|
Marketing & Launch
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Working Capital (3 Months)
|
$9,300 - $55,900 | $12,800 - $77,000 | -27% |
| Total Estimated Cost | $41,000 - $352,000 | $68,000 - $652,000 | -45% |
Local Market Factors
| Factor | Albuquerque | Miami |
|---|---|---|
| Cost of Living Index | 93.2 | 128.3 |
| Commercial Rent ($/sqft/yr) | $12 - $28 | $25 - $65 |
| Labor Rate Index | 0.85 | 1.08 |
| Sales Tax | 7.875% | 7% |
| Minimum Wage | $14.00/hr | $13.00/hr |
| LLC Filing Fee | $50 | $125 |
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