Spa Startup Cost Comparison

Milwaukee, WI vs Miami, FL

Milwaukee, WI

$78,000 - $300,000

COL Index: 95.8

VS

Miami, FL

$97,000 - $379,000

COL Index: 128.3

Detailed Cost Comparison

Expense Milwaukee, WI Miami, FL Difference
Business Registration & Licenses
$900 - $4,000 $2,600 - $9,500 -60%
Commercial Lease (First + Last + Security)
$9,000 - $45,000 $17,600 - $88,000 -49%
Spa Equipment & Furnishings
$20,000 - $80,000 $20,000 - $80,000 Same
Initial Product & Supplies Inventory
$5,000 - $20,000 $5,000 - $20,000 Same
Interior Build-Out & Ambiance Design
$23,000 - $82,800 $27,000 - $97,200 -15%
Business Insurance (Annual)
$3,000 - $8,000 $3,000 - $8,000 Same
Marketing & Launch
$3,000 - $12,000 $3,000 - $12,000 Same
Working Capital (3 Months)
$14,400 - $47,900 $19,200 - $64,200 -25%
Total Estimated Cost $78,000 - $300,000 $97,000 - $379,000 -21%

Local Market Factors

Factor Milwaukee Miami
Cost of Living Index 95.8 128.3
Commercial Rent ($/sqft/yr) $14 - $32 $25 - $65
Labor Rate Index 0.92 1.08
Sales Tax 5.5% 7%
Minimum Wage $7.25/hr $13.00/hr
LLC Filing Fee $130 $125

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