Arcade & Gaming Center Startup Cost Comparison
Miami, FL vs Chicago, IL
Miami, FL
$110,000 - $676,000
COL Index: 128.3
VS
Chicago, IL
$107,000 - $663,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Miami, FL | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$500 - $3,000 | $500 - $3,000 | Same |
|
Commercial Lease & Build-Out
|
$39,100 - $293,500 | $39,100 - $293,500 | Same |
|
Arcade Games & Equipment
|
$40,000 - $250,000 | $40,000 - $250,000 | Same |
|
Business Insurance (Annual)
|
$3,000 - $12,000 | $3,000 - $12,000 | Same |
|
Concessions & Food Service
|
$5,000 - $25,000 | $5,000 - $25,000 | Same |
|
Marketing & Grand Opening
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Working Capital (3 Months)
|
$19,200 - $77,000 | $16,200 - $64,700 | +19% |
| Total Estimated Cost | $110,000 - $676,000 | $107,000 - $663,000 | +2% |
Local Market Factors
| Factor | Miami | Chicago |
|---|---|---|
| Cost of Living Index | 128.3 | 107.8 |
| Commercial Rent ($/sqft/yr) | $25 - $65 | $25 - $65 |
| Labor Rate Index | 1.08 | 1.15 |
| Sales Tax | 7% | 10.25% |
| Minimum Wage | $13.00/hr | $15.80/hr |
| LLC Filing Fee | $125 | $150 |
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