Acupuncture Practice Startup Cost Comparison
Jersey City, NJ vs Chicago, IL
Jersey City, NJ
$11,000 - $65,000
COL Index: 128.4
VS
Chicago, IL
$12,000 - $74,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Jersey City, NJ | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$6,300 - $37,600 | $7,800 - $47,000 | -20% |
|
Initial Supplies & Inventory
|
$1,500 - $9,000 | $1,500 - $9,000 | Same |
|
Business Insurance (Annual)
|
$500 - $3,000 | $500 - $3,000 | Same |
|
Marketing & Launch
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Working Capital (3 Months)
|
$1,900 - $7,700 | $1,600 - $6,500 | +19% |
| Total Estimated Cost | $11,000 - $65,000 | $12,000 - $74,000 | -12% |
Local Market Factors
| Factor | Jersey City | Chicago |
|---|---|---|
| Cost of Living Index | 128.4 | 107.8 |
| Commercial Rent ($/sqft/yr) | $22 - $50 | $25 - $65 |
| Labor Rate Index | 1.25 | 1.15 |
| Sales Tax | 6.625% | 10.25% |
| Minimum Wage | $15.49/hr | $15.80/hr |
| LLC Filing Fee | $125 | $150 |
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