Pet Boarding Facility Startup Cost Comparison
Wilmington, NC vs Miami, FL
Wilmington, NC
$43,000 - $369,000
COL Index: 99.8
VS
Miami, FL
$68,000 - $652,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Wilmington, NC | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,400 - $6,100 | $2,600 - $9,500 | -38% |
|
Facility & Kennel Build-Out
|
$18,300 - $228,300 | $39,100 - $489,100 | -53% |
|
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
|
$2,900 - $14,300 | $3,200 - $16,200 | -11% |
|
Marketing & Launch
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Working Capital (3 Months)
|
$10,000 - $59,900 | $12,800 - $77,000 | -22% |
| Total Estimated Cost | $43,000 - $369,000 | $68,000 - $652,000 | -43% |
Local Market Factors
| Factor | Wilmington | Miami |
|---|---|---|
| Cost of Living Index | 99.8 | 128.3 |
| Commercial Rent ($/sqft/yr) | $14 - $28 | $25 - $65 |
| Labor Rate Index | 0.95 | 1.08 |
| Sales Tax | 7% | 7% |
| Minimum Wage | $7.25/hr | $13.00/hr |
| LLC Filing Fee | $125 | $125 |
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