After-School Program Startup Cost Comparison
New York, NY vs Chicago, IL
New York, NY
$36,000 - $212,000
COL Index: 187.2
VS
Chicago, IL
$27,000 - $144,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | New York, NY | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licensing
|
$5,300 - $17,100 | $5,600 - $10,900 | +36% |
|
Facility Lease (First + Last + Security)
|
$10,400 - $83,500 | $5,900 - $47,000 | +78% |
|
Space Setup & Renovation
|
$4,400 - $26,100 | $3,500 - $20,700 | +26% |
|
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)
|
$9,400 - $46,800 | $5,400 - $27,000 | +73% |
| Total Estimated Cost | $36,000 - $212,000 | $27,000 - $144,000 | +45% |
Local Market Factors
| Factor | New York | Chicago |
|---|---|---|
| Cost of Living Index | 187.2 | 107.8 |
| Commercial Rent ($/sqft/yr) | $40 - $120 | $25 - $65 |
| Labor Rate Index | 1.45 | 1.15 |
| Sales Tax | 8.875% | 10.25% |
| Minimum Wage | $16.00/hr | $15.80/hr |
| LLC Filing Fee | $200 | $150 |
View Full Details
Ready to Start Your After-School Program?
Start your After-School Program LLC in — free registered agent for 1 year.
Form Your LLC for $0 + State Fee →Trusted by 500,000+ businesses · Excellent rating on Trustpilot