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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