Real Estate Agency Startup Cost Comparison
Charleston, WV vs Miami, FL
Charleston, WV
$22,000 - $93,000
COL Index: 80.4
VS
Miami, FL
$35,000 - $149,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Charleston, WV | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$700 - $3,800 | $2,600 - $9,500 | -63% |
|
Broker License & Education
|
$2,000 - $6,000 | $2,000 - $6,000 | Same |
|
Office Lease (First + Last + Security)
|
$2,300 - $11,700 | $8,800 - $44,000 | -73% |
|
Office Build-Out & Furnishing
|
$2,500 - $12,300 | $3,200 - $16,200 | -24% |
|
Technology & MLS Access
|
$3,000 - $12,000 | $3,000 - $12,000 | Same |
|
Insurance (Annual)
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Marketing & Brand Building
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Working Capital (3-6 Months)
|
$6,400 - $24,100 | $10,300 - $38,500 | -38% |
| Total Estimated Cost | $22,000 - $93,000 | $35,000 - $149,000 | -38% |
Local Market Factors
| Factor | Charleston | Miami |
|---|---|---|
| Cost of Living Index | 80.4 | 128.3 |
| Commercial Rent ($/sqft/yr) | $8 - $16 | $25 - $65 |
| Labor Rate Index | 0.82 | 1.08 |
| Sales Tax | 7% | 7% |
| Minimum Wage | $8.75/hr | $13.00/hr |
| LLC Filing Fee | $100 | $125 |
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