Spa Startup Cost Comparison
Santa Fe, NM vs Houston, TX
Santa Fe, NM
$86,000 - $328,000
COL Index: 112.5
VS
Houston, TX
$83,000 - $319,000
COL Index: 96.5
Detailed Cost Comparison
| Expense | Santa Fe, NM | Houston, TX | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,600 - $6,600 | $1,900 - $6,200 | +1% |
|
Commercial Lease (First + Last + Security)
|
$10,600 - $52,800 | $12,300 - $61,600 | -14% |
|
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
|
$25,500 - $91,800 | $23,000 - $82,800 | +11% |
|
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)
|
$16,900 - $56,300 | $14,500 - $48,300 | +17% |
| Total Estimated Cost | $86,000 - $328,000 | $83,000 - $319,000 | +3% |
Local Market Factors
| Factor | Santa Fe | Houston |
|---|---|---|
| Cost of Living Index | 112.5 | 96.5 |
| Commercial Rent ($/sqft/yr) | $16 - $38 | $18 - $45 |
| Labor Rate Index | 1.02 | 0.92 |
| Sales Tax | 8.4375% | 8.25% |
| Minimum Wage | $14.60/hr | $7.25/hr |
| LLC Filing Fee | $50 | $300 |
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