Veterinary Clinic Startup Cost Comparison

Sandy, UT vs Miami, FL

Sandy, UT

$269,000 - $1,608,000

COL Index: 106.5

VS

Miami, FL

$380,000 - $2,460,000

COL Index: 128.3

Detailed Cost Comparison

Expense Sandy, UT Miami, FL Difference
Licensing & DEA Registration
$3,000 - $15,000 $3,000 - $15,000 Same
Clinic Space & Build-Out
$95,700 - $765,200 $195,700 - $1,565,200 -51%
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
$20,000 - $100,000 $21,600 - $108,000 -7%
Initial Pharmacy & Supplies
$15,000 - $60,000 $15,000 - $60,000 Same
Working Capital (3 Months)
$42,600 - $213,000 $51,300 - $256,600 -17%
Total Estimated Cost $269,000 - $1,608,000 $380,000 - $2,460,000 -34%

Local Market Factors

Factor Sandy Miami
Cost of Living Index 106.5 128.3
Commercial Rent ($/sqft/yr) $14 - $30 $25 - $65
Labor Rate Index 1 1.08
Sales Tax 7.25% 7%
Minimum Wage $7.25/hr $13.00/hr
LLC Filing Fee $54 $125

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