Security Company Startup Cost Comparison
Seattle, WA vs Miami, FL
Seattle, WA
$19,000 - $122,000
COL Index: 147.1
VS
Miami, FL
$18,000 - $115,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Seattle, WA | Miami, FL | Difference |
|---|---|---|---|
|
Licensing & Registration
|
$2,800 - $12,200 | $2,600 - $10,000 | +19% |
|
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)
|
$7,400 - $44,100 | $6,400 - $38,500 | +15% |
| Total Estimated Cost | $19,000 - $122,000 | $18,000 - $115,000 | +6% |
Local Market Factors
| Factor | Seattle | Miami |
|---|---|---|
| Cost of Living Index | 147.1 | 128.3 |
| Commercial Rent ($/sqft/yr) | $28 - $72 | $25 - $65 |
| Labor Rate Index | 1.4 | 1.08 |
| Sales Tax | 10.25% | 7% |
| Minimum Wage | $19.97/hr | $13.00/hr |
| LLC Filing Fee | $200 | $125 |
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