Real Estate Agency Startup Cost Comparison
Cincinnati, OH vs Miami, FL
Cincinnati, OH
$25,000 - $107,000
COL Index: 93.5
VS
Miami, FL
$35,000 - $149,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Cincinnati, OH | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$800 - $4,000 | $2,600 - $9,500 | -60% |
|
Broker License & Education
|
$2,000 - $6,000 | $2,000 - $6,000 | Same |
|
Office Lease (First + Last + Security)
|
$3,900 - $19,600 | $8,800 - $44,000 | -55% |
|
Office Build-Out & Furnishing
|
$2,800 - $13,800 | $3,200 - $16,200 | -14% |
|
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)
|
$7,500 - $28,100 | $10,300 - $38,500 | -27% |
| Total Estimated Cost | $25,000 - $107,000 | $35,000 - $149,000 | -28% |
Local Market Factors
| Factor | Cincinnati | Miami |
|---|---|---|
| Cost of Living Index | 93.5 | 128.3 |
| Commercial Rent ($/sqft/yr) | $12 - $28 | $25 - $65 |
| Labor Rate Index | 0.92 | 1.08 |
| Sales Tax | 7.8% | 7% |
| Minimum Wage | $10.45/hr | $13.00/hr |
| LLC Filing Fee | $99 | $125 |
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