Not that close. For example for the place where my child went to day care, the rental was $6K/mo but salaries were near $35K/mo. And that was just direct salaries, I don't have the numbers for other employee overhead costs like social security, 401k, medical, etc, so it's quite a bit more than that. This was in California. So safe to say the employee costs were at least 7x the real estate rental cost.
Not that close. For example for the place where my child went to day care, the rental was $6K/mo but salaries were near $35K/mo. And that was just direct salaries, I don't have the numbers for other employee overhead costs like social security, 401k, medical, etc, so it's quite a bit more than that. This was in California. So safe to say the employee costs were at least 7x the real estate rental cost.