Veterinary Clinic Startup Cost Comparison

Philadelphia, PA vs Miami, FL

Philadelphia, PA

$343,000 - $2,187,000

COL Index: 114.5

VS

Miami, FL

$380,000 - $2,460,000

COL Index: 128.3

Detailed Cost Comparison

Expense Philadelphia, PA Miami, FL Difference
Licensing & DEA Registration
$3,600 - $26,600 $3,000 - $15,000 +68%
Clinic Space & Build-Out
$163,000 - $1,304,300 $195,700 - $1,565,200 -17%
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
$22,400 - $112,000 $21,600 - $108,000 +4%
Initial Pharmacy & Supplies
$15,000 - $60,000 $15,000 - $60,000 Same
Working Capital (3 Months)
$45,800 - $229,000 $51,300 - $256,600 -11%
Total Estimated Cost $343,000 - $2,187,000 $380,000 - $2,460,000 -11%

Local Market Factors

Factor Philadelphia Miami
Cost of Living Index 114.5 128.3
Commercial Rent ($/sqft/yr) $20 - $55 $25 - $65
Labor Rate Index 1.12 1.08
Sales Tax 8% 7%
Minimum Wage $7.25/hr $13.00/hr
LLC Filing Fee $125 $125

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