Veterinary Clinic Startup Cost Comparison

Ann Arbor, MI vs Miami, FL

Ann Arbor, MI

$297,000 - $1,825,000

COL Index: 108

VS

Miami, FL

$380,000 - $2,460,000

COL Index: 128.3

Detailed Cost Comparison

Expense Ann Arbor, MI Miami, FL Difference
Licensing & DEA Registration
$3,000 - $15,000 $3,000 - $15,000 Same
Clinic Space & Build-Out
$121,700 - $973,900 $195,700 - $1,565,200 -38%
Medical Equipment
$80,000 - $400,000 $80,000 - $400,000 Same
Practice Management Software
$5,000 - $25,000 $5,000 - $25,000 Same
Insurance (Annual)
$8,000 - $30,000 $8,000 - $30,000 Same
Initial Staffing
$21,000 - $105,000 $21,600 - $108,000 -3%
Initial Pharmacy & Supplies
$15,000 - $60,000 $15,000 - $60,000 Same
Working Capital (3 Months)
$43,200 - $216,000 $51,300 - $256,600 -16%
Total Estimated Cost $297,000 - $1,825,000 $380,000 - $2,460,000 -25%

Local Market Factors

Factor Ann Arbor Miami
Cost of Living Index 108 128.3
Commercial Rent ($/sqft/yr) $18 - $38 $25 - $65
Labor Rate Index 1.05 1.08
Sales Tax 6% 7%
Minimum Wage $10.33/hr $13.00/hr
LLC Filing Fee $50 $125

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