After-School Program Startup Cost Comparison
West Palm Beach, FL vs Chicago, IL
West Palm Beach, FL
$22,000 - $125,000
COL Index: 110.2
VS
Chicago, IL
$27,000 - $144,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | West Palm Beach, FL | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licensing
|
$2,400 - $8,300 | $5,600 - $10,900 | -35% |
|
Facility Lease (First + Last + Security)
|
$4,000 - $32,300 | $5,900 - $47,000 | -31% |
|
Space Setup & Renovation
|
$3,200 - $18,900 | $3,500 - $20,700 | -9% |
|
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)
|
$5,500 - $27,600 | $5,400 - $27,000 | +2% |
| Total Estimated Cost | $22,000 - $125,000 | $27,000 - $144,000 | -14% |
Local Market Factors
| Factor | West Palm Beach | Chicago |
|---|---|---|
| Cost of Living Index | 110.2 | 107.8 |
| Commercial Rent ($/sqft/yr) | $20 - $42 | $25 - $65 |
| Labor Rate Index | 1.05 | 1.15 |
| Sales Tax | 7% | 10.25% |
| Minimum Wage | $13.00/hr | $15.80/hr |
| LLC Filing Fee | $125 | $150 |
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