Spa Startup Cost Comparison

Norman, OK vs Miami, FL

Norman, OK

$73,000 - $277,000

COL Index: 88.5

VS

Miami, FL

$97,000 - $379,000

COL Index: 128.3

Detailed Cost Comparison

Expense Norman, OK Miami, FL Difference
Business Registration & Licenses
$1,200 - $3,700 $2,600 - $9,500 -60%
Commercial Lease (First + Last + Security)
$6,300 - $31,300 $17,600 - $88,000 -64%
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
$21,500 - $77,400 $27,000 - $97,200 -20%
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)
$13,300 - $44,300 $19,200 - $64,200 -31%
Total Estimated Cost $73,000 - $277,000 $97,000 - $379,000 -26%

Local Market Factors

Factor Norman Miami
Cost of Living Index 88.5 128.3
Commercial Rent ($/sqft/yr) $10 - $22 $25 - $65
Labor Rate Index 0.86 1.08
Sales Tax 8.75% 7%
Minimum Wage $7.25/hr $13.00/hr
LLC Filing Fee $100 $125

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