Real Estate Agency Startup Cost Comparison
Durham, NC vs Houston, TX
Durham, NC
$27,000 - $117,000
COL Index: 102.8
VS
Houston, TX
$29,000 - $121,000
COL Index: 96.5
Detailed Cost Comparison
| Expense | Durham, NC | Houston, TX | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,400 - $6,300 | $1,900 - $6,200 | -5% |
|
Broker License & Education
|
$2,000 - $6,000 | $2,000 - $6,000 | Same |
|
Office Lease (First + Last + Security)
|
$4,700 - $23,500 | $6,200 - $30,800 | -24% |
|
Office Build-Out & Furnishing
|
$3,100 - $15,600 | $2,800 - $13,800 | +13% |
|
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)
|
$8,200 - $30,800 | $7,700 - $29,000 | +6% |
| Total Estimated Cost | $27,000 - $117,000 | $29,000 - $121,000 | -4% |
Local Market Factors
| Factor | Durham | Houston |
|---|---|---|
| Cost of Living Index | 102.8 | 96.5 |
| Commercial Rent ($/sqft/yr) | $16 - $32 | $18 - $45 |
| Labor Rate Index | 1.04 | 0.92 |
| Sales Tax | 7.5% | 8.25% |
| Minimum Wage | $7.25/hr | $7.25/hr |
| LLC Filing Fee | $125 | $300 |
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