Veterinary Clinic Startup Cost Comparison
Boston, MA vs Miami, FL
Boston, MA
$442,000 - $2,903,000
COL Index: 152.4
VS
Miami, FL
$380,000 - $2,460,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Boston, MA | Miami, FL | Difference |
|---|---|---|---|
|
Licensing & DEA Registration
|
$5,800 - $32,300 | $3,000 - $15,000 | +112% |
|
Clinic Space & Build-Out
|
$239,100 - $1,913,000 | $195,700 - $1,565,200 | +22% |
|
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
|
$27,600 - $138,000 | $21,600 - $108,000 | +28% |
|
Initial Pharmacy & Supplies
|
$15,000 - $60,000 | $15,000 - $60,000 | Same |
|
Working Capital (3 Months)
|
$61,000 - $304,800 | $51,300 - $256,600 | +19% |
| Total Estimated Cost | $442,000 - $2,903,000 | $380,000 - $2,460,000 | +18% |
Local Market Factors
| Factor | Boston | Miami |
|---|---|---|
| Cost of Living Index | 152.4 | 128.3 |
| Commercial Rent ($/sqft/yr) | $30 - $80 | $25 - $65 |
| Labor Rate Index | 1.38 | 1.08 |
| Sales Tax | 6.25% | 7% |
| Minimum Wage | $15.00/hr | $13.00/hr |
| LLC Filing Fee | $500 | $125 |
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