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.