Real Estate Agency Startup Cost Comparison
Springfield, MA vs Houston, TX
Springfield, MA
$26,000 - $111,000
COL Index: 96.8
VS
Houston, TX
$29,000 - $121,000
COL Index: 96.5
Detailed Cost Comparison
| Expense | Springfield, MA | Houston, TX | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$2,400 - $11,300 | $1,900 - $6,200 | +69% |
|
Broker License & Education
|
$2,000 - $6,000 | $2,000 - $6,000 | Same |
|
Office Lease (First + Last + Security)
|
$3,100 - $15,700 | $6,200 - $30,800 | -49% |
|
Office Build-Out & Furnishing
|
$2,900 - $14,300 | $2,800 - $13,800 | +4% |
|
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)
|
$7,700 - $29,000 | $7,700 - $29,000 | Same |
| Total Estimated Cost | $26,000 - $111,000 | $29,000 - $121,000 | -9% |
Local Market Factors
| Factor | Springfield | Houston |
|---|---|---|
| Cost of Living Index | 96.8 | 96.5 |
| Commercial Rent ($/sqft/yr) | $10 - $22 | $18 - $45 |
| Labor Rate Index | 0.95 | 0.92 |
| Sales Tax | 6.25% | 8.25% |
| Minimum Wage | $15.00/hr | $7.25/hr |
| LLC Filing Fee | $500 | $300 |
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