Real Estate Agency Startup Cost Comparison
Fargo, ND vs Los Angeles, CA
Fargo, ND
$24,000 - $103,000
COL Index: 91.5
VS
Los Angeles, CA
$43,000 - $182,000
COL Index: 166.5
Detailed Cost Comparison
| Expense | Fargo, ND | Los Angeles, CA | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$700 - $3,300 | $4,000 - $14,400 | -78% |
|
Broker License & Education
|
$2,000 - $6,000 | $2,000 - $6,000 | Same |
|
Office Lease (First + Last + Security)
|
$3,500 - $17,600 | $11,300 - $56,300 | -69% |
|
Office Build-Out & Furnishing
|
$2,700 - $13,500 | $4,100 - $20,300 | -34% |
|
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)
|
$7,300 - $27,500 | $13,300 - $50,000 | -45% |
| Total Estimated Cost | $24,000 - $103,000 | $43,000 - $182,000 | -44% |
Local Market Factors
| Factor | Fargo | Los Angeles |
|---|---|---|
| Cost of Living Index | 91.5 | 166.5 |
| Commercial Rent ($/sqft/yr) | $12 - $24 | $30 - $85 |
| Labor Rate Index | 0.9 | 1.35 |
| Sales Tax | 7.5% | 9.5% |
| Minimum Wage | $7.25/hr | $16.78/hr |
| LLC Filing Fee | $135 | $70 |
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