Travel Agency Startup Cost Comparison
Knoxville, TN vs Miami, FL
Knoxville, TN
$6,000 - $37,000
COL Index: 88.2
VS
Miami, FL
$9,000 - $52,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Knoxville, TN | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,100 - $5,000 | $2,600 - $9,500 | -50% |
|
Host Agency Fees & Consortia
|
$200 - $1,500 | $200 - $1,500 | Same |
|
Industry Accreditation & Training
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Software & Booking Tools
|
$500 - $3,000 | $500 - $3,000 | Same |
|
Office Setup
|
$300 - $3,500 | $1,000 - $9,800 | -65% |
|
Errors & Omissions Insurance (Annual)
|
$500 - $2,500 | $500 - $2,500 | Same |
|
Marketing & Client Acquisition
|
$1,500 - $8,000 | $1,500 - $8,000 | Same |
|
Working Capital (3 Months)
|
$1,800 - $8,800 | $2,600 - $12,800 | -31% |
| Total Estimated Cost | $6,000 - $37,000 | $9,000 - $52,000 | -30% |
Local Market Factors
| Factor | Knoxville | Miami |
|---|---|---|
| Cost of Living Index | 88.2 | 128.3 |
| Commercial Rent ($/sqft/yr) | $10 - $22 | $25 - $65 |
| Labor Rate Index | 0.88 | 1.08 |
| Sales Tax | 9.25% | 7% |
| Minimum Wage | $7.25/hr | $13.00/hr |
| LLC Filing Fee | $300 | $125 |
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