After-School Program Startup Cost Comparison
Chicago, IL vs New York, NY
Chicago, IL
$27,000 - $144,000
COL Index: 107.8
VS
New York, NY
$36,000 - $212,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Chicago, IL | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licensing
|
$5,600 - $10,900 | $5,300 - $17,100 | -26% |
|
Facility Lease (First + Last + Security)
|
$5,900 - $47,000 | $10,400 - $83,500 | -44% |
|
Space Setup & Renovation
|
$3,500 - $20,700 | $4,400 - $26,100 | -21% |
|
Equipment & Supplies
|
$3,000 - $12,000 | $3,000 - $12,000 | Same |
|
Business Insurance (Annual)
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Transportation (Optional)
|
$0 - $12,000 | $0 - $12,000 | Same |
|
Marketing & Parent Outreach
|
$1,500 - $6,000 | $1,500 - $6,000 | Same |
|
Working Capital (3 Months)
|
$5,400 - $27,000 | $9,400 - $46,800 | -42% |
| Total Estimated Cost | $27,000 - $144,000 | $36,000 - $212,000 | -31% |
Local Market Factors
| Factor | Chicago | New York |
|---|---|---|
| Cost of Living Index | 107.8 | 187.2 |
| Commercial Rent ($/sqft/yr) | $25 - $65 | $40 - $120 |
| Labor Rate Index | 1.15 | 1.45 |
| Sales Tax | 10.25% | 8.875% |
| Minimum Wage | $15.80/hr | $16.00/hr |
| LLC Filing Fee | $150 | $200 |
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