Real Estate Agency Startup Cost Comparison
St. Paul, MN vs Houston, TX
St. Paul, MN
$28,000 - $117,000
COL Index: 104.5
VS
Houston, TX
$29,000 - $121,000
COL Index: 96.5
Detailed Cost Comparison
| Expense | St. Paul, MN | Houston, TX | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,400 - $6,100 | $1,900 - $6,200 | -7% |
|
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 - $15,300 | $2,800 - $13,800 | +11% |
|
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)
|
$8,400 - $31,400 | $7,700 - $29,000 | +8% |
| Total Estimated Cost | $28,000 - $117,000 | $29,000 - $121,000 | -3% |
Local Market Factors
| Factor | St. Paul | Houston |
|---|---|---|
| Cost of Living Index | 104.5 | 96.5 |
| Commercial Rent ($/sqft/yr) | $14 - $34 | $18 - $45 |
| Labor Rate Index | 1.02 | 0.92 |
| Sales Tax | 8.375% | 8.25% |
| Minimum Wage | $15.57/hr | $7.25/hr |
| LLC Filing Fee | $155 | $300 |
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