Security Company Startup Cost Comparison
Wilmington, NC vs Miami, FL
Wilmington, NC
$16,000 - $106,000
COL Index: 99.8
VS
Miami, FL
$18,000 - $115,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Wilmington, NC | Miami, FL | Difference |
|---|---|---|---|
|
Licensing & Registration
|
$2,000 - $10,000 | $2,600 - $10,000 | -5% |
|
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)
|
$5,000 - $29,900 | $6,400 - $38,500 | -22% |
| Total Estimated Cost | $16,000 - $106,000 | $18,000 - $115,000 | -8% |
Local Market Factors
| Factor | Wilmington | Miami |
|---|---|---|
| Cost of Living Index | 99.8 | 128.3 |
| Commercial Rent ($/sqft/yr) | $14 - $28 | $25 - $65 |
| Labor Rate Index | 0.95 | 1.08 |
| Sales Tax | 7% | 7% |
| Minimum Wage | $7.25/hr | $13.00/hr |
| LLC Filing Fee | $125 | $125 |
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