Preschool Startup Cost Comparison
St. Petersburg, FL vs Miami, FL
St. Petersburg, FL
$71,000 - $275,000
COL Index: 104.6
VS
Miami, FL
$86,000 - $342,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | St. Petersburg, FL | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licensing
|
$1,400 - $6,300 | $2,600 - $9,500 | -36% |
|
Facility Lease (First + Last + Security)
|
$10,900 - $54,300 | $19,600 - $97,800 | -44% |
|
Facility Build-Out & Renovation
|
$15,300 - $61,200 | $16,200 - $64,800 | -6% |
|
Furniture, Equipment & Learning Materials
|
$10,000 - $35,000 | $10,000 - $35,000 | Same |
|
Safety & Health Compliance
|
$5,000 - $20,000 | $5,000 - $20,000 | Same |
|
Business Insurance (Annual)
|
$4,000 - $15,000 | $4,000 - $15,000 | Same |
|
Marketing & Enrollment
|
$3,000 - $10,000 | $3,000 - $10,000 | Same |
|
Working Capital (3-6 Months)
|
$20,900 - $73,200 | $25,700 - $89,800 | -19% |
| Total Estimated Cost | $71,000 - $275,000 | $86,000 - $342,000 | -19% |
Local Market Factors
| Factor | St. Petersburg | Miami |
|---|---|---|
| Cost of Living Index | 104.6 | 128.3 |
| Commercial Rent ($/sqft/yr) | $16 - $34 | $25 - $65 |
| Labor Rate Index | 1.02 | 1.08 |
| Sales Tax | 7.5% | 7% |
| Minimum Wage | $13.00/hr | $13.00/hr |
| LLC Filing Fee | $125 | $125 |
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