After-School Program Startup Cost Comparison
McKinney, TX vs Chicago, IL
McKinney, TX
$21,000 - $120,000
COL Index: 102.8
VS
Chicago, IL
$27,000 - $144,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | McKinney, TX | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licensing
|
$1,900 - $6,100 | $5,600 - $10,900 | -52% |
|
Facility Lease (First + Last + Security)
|
$3,900 - $31,300 | $5,900 - $47,000 | -33% |
|
Space Setup & Renovation
|
$3,100 - $18,400 | $3,500 - $20,700 | -11% |
|
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)
|
$5,100 - $25,700 | $5,400 - $27,000 | -5% |
| Total Estimated Cost | $21,000 - $120,000 | $27,000 - $144,000 | -18% |
Local Market Factors
| Factor | McKinney | Chicago |
|---|---|---|
| Cost of Living Index | 102.8 | 107.8 |
| Commercial Rent ($/sqft/yr) | $18 - $42 | $25 - $65 |
| Labor Rate Index | 1.02 | 1.15 |
| Sales Tax | 8.25% | 10.25% |
| Minimum Wage | $7.25/hr | $15.80/hr |
| LLC Filing Fee | $300 | $150 |
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