Self-Storage Facility Startup Cost Comparison
Wilmington, DE vs Houston, TX
Wilmington, DE
$334,000 - $3,848,000
COL Index: 102.4
VS
Houston, TX
$413,000 - $5,126,000
COL Index: 96.5
Detailed Cost Comparison
| Expense | Wilmington, DE | Houston, TX | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$500 - $3,000 | $500 - $3,000 | Same |
|
Land & Building
|
$182,600 - $2,739,100 | $273,900 - $4,108,700 | -33% |
|
Storage Units & Access
|
$102,000 - $816,000 | $92,000 - $736,000 | +11% |
|
Management Software & Security
|
$10,000 - $50,000 | $10,000 - $50,000 | Same |
|
Business Insurance (Annual)
|
$5,000 - $20,000 | $5,000 - $20,000 | Same |
|
Marketing & Visibility
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Working Capital (6 Months)
|
$30,700 - $204,800 | $29,000 - $193,000 | +6% |
| Total Estimated Cost | $334,000 - $3,848,000 | $413,000 - $5,126,000 | -24% |
Local Market Factors
| Factor | Wilmington | Houston |
|---|---|---|
| Cost of Living Index | 102.4 | 96.5 |
| Commercial Rent ($/sqft/yr) | $14 - $28 | $18 - $45 |
| Labor Rate Index | 1.02 | 0.92 |
| Sales Tax | 0% | 8.25% |
| Minimum Wage | $13.25/hr | $7.25/hr |
| LLC Filing Fee | $90 | $300 |
View Full Details
Ready to Start Your Self-Storage Facility?
Start your Self-Storage Facility LLC in — free registered agent for 1 year.
Form Your LLC for $0 + State Fee →Trusted by 500,000+ businesses · Excellent rating on Trustpilot