Travel Agency Startup Cost Comparison
Milwaukee, WI vs Miami, FL
Milwaukee, WI
$7,000 - $39,000
COL Index: 95.8
VS
Miami, FL
$9,000 - $52,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Milwaukee, WI | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$900 - $4,000 | $2,600 - $9,500 | -60% |
|
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
|
$500 - $5,000 | $1,000 - $9,800 | -49% |
|
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)
|
$1,900 - $9,600 | $2,600 - $12,800 | -25% |
| Total Estimated Cost | $7,000 - $39,000 | $9,000 - $52,000 | -25% |
Local Market Factors
| Factor | Milwaukee | Miami |
|---|---|---|
| Cost of Living Index | 95.8 | 128.3 |
| Commercial Rent ($/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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