Tour Company Startup Cost Comparison
Lexington, KY vs Miami, FL
Lexington, KY
$13,000 - $86,000
COL Index: 91.2
VS
Miami, FL
$15,000 - $95,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Lexington, KY | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,300 - $6,000 | $2,600 - $9,500 | -40% |
|
Vehicle or Equipment
|
$3,000 - $35,000 | $3,000 - $35,000 | Same |
|
Operating Permits & Land Access
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Business Insurance (Annual)
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Booking & Management Software
|
$500 - $3,000 | $500 - $3,000 | Same |
|
Safety & Communication Equipment
|
$500 - $3,000 | $500 - $3,000 | Same |
|
Marketing & OTA Listings
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Working Capital (3 Months)
|
$2,700 - $13,700 | $3,800 - $19,200 | -29% |
| Total Estimated Cost | $13,000 - $86,000 | $15,000 - $95,000 | -10% |
Local Market Factors
| Factor | Lexington | Miami |
|---|---|---|
| Cost of Living Index | 91.2 | 128.3 |
| Commercial Rent ($/sqft/yr) | $10 - $22 | $25 - $65 |
| Labor Rate Index | 0.9 | 1.08 |
| Sales Tax | 6% | 7% |
| Minimum Wage | $7.25/hr | $13.00/hr |
| LLC Filing Fee | $40 | $125 |
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