Real Estate Agency Startup Cost Comparison
Federal Way, WA vs Miami, FL
Federal Way, WA
$29,000 - $123,000
COL Index: 115.2
VS
Miami, FL
$35,000 - $149,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Federal Way, WA | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$2,000 - $7,400 | $2,600 - $9,500 | -22% |
|
Broker License & Education
|
$2,000 - $6,000 | $2,000 - $6,000 | Same |
|
Office Lease (First + Last + Security)
|
$4,700 - $23,500 | $8,800 - $44,000 | -47% |
|
Office Build-Out & Furnishing
|
$3,200 - $16,200 | $3,200 - $16,200 | Same |
|
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)
|
$9,200 - $34,600 | $10,300 - $38,500 | -10% |
| Total Estimated Cost | $29,000 - $123,000 | $35,000 - $149,000 | -17% |
Local Market Factors
| Factor | Federal Way | Miami |
|---|---|---|
| Cost of Living Index | 115.2 | 128.3 |
| Commercial Rent ($/sqft/yr) | $16 - $32 | $25 - $65 |
| Labor Rate Index | 1.08 | 1.08 |
| Sales Tax | 10.1% | 7% |
| Minimum Wage | $16.28/hr | $13.00/hr |
| LLC Filing Fee | $180 | $125 |
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