Security Company Startup Cost Comparison
Minneapolis, MN vs Los Angeles, CA
Minneapolis, MN
$17,000 - $109,000
COL Index: 109.5
VS
Los Angeles, CA
$21,000 - $130,000
COL Index: 166.5
Detailed Cost Comparison
| Expense | Minneapolis, MN | Los Angeles, CA | Difference |
|---|---|---|---|
|
Licensing & Registration
|
$2,000 - $10,000 | $4,000 - $14,400 | -35% |
|
Uniforms & Equipment
|
$2,000 - $15,000 | $2,000 - $15,000 | Same |
|
Patrol Vehicle
|
$2,000 - $20,000 | $2,000 - $20,000 | Same |
|
Insurance & Bonding
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Guard Training Program
|
$1,000 - $8,000 | $1,000 - $8,000 | Same |
|
Marketing & Contract Bidding
|
$1,000 - $8,000 | $1,000 - $8,000 | Same |
|
Working Capital (2 Months)
|
$5,500 - $32,900 | $8,300 - $50,000 | -34% |
| Total Estimated Cost | $17,000 - $109,000 | $21,000 - $130,000 | -17% |
Local Market Factors
| Factor | Minneapolis | Los Angeles |
|---|---|---|
| Cost of Living Index | 109.5 | 166.5 |
| Commercial Rent ($/sqft/yr) | $18 - $45 | $30 - $85 |
| Labor Rate Index | 1.08 | 1.35 |
| Sales Tax | 8.025% | 9.5% |
| Minimum Wage | $15.57/hr | $16.78/hr |
| LLC Filing Fee | $155 | $70 |
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