Bakery Startup Cost Comparison
Meridian, ID vs Chicago, IL
Meridian, ID
$53,000 - $228,000
COL Index: 105.6
VS
Chicago, IL
$66,000 - $276,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Meridian, ID | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,300 - $5,500 | $5,600 - $10,900 | -59% |
|
Commercial Lease (First + Last + Security)
|
$5,500 - $27,400 | $11,700 - $58,700 | -53% |
|
Baking Equipment & Fixtures
|
$15,000 - $75,000 | $15,000 - $75,000 | Same |
|
Initial Ingredients & Packaging
|
$2,000 - $6,000 | $2,000 - $6,000 | Same |
|
Interior Build-Out & Kitchen Renovation
|
$14,700 - $63,700 | $17,300 - $74,800 | -15% |
|
Business Insurance (Annual)
|
$2,000 - $6,000 | $2,000 - $6,000 | Same |
|
Marketing & Grand Opening
|
$1,500 - $7,000 | $1,500 - $7,000 | Same |
|
Working Capital (3 Months)
|
$10,600 - $37,000 | $10,800 - $37,700 | -2% |
| Total Estimated Cost | $53,000 - $228,000 | $66,000 - $276,000 | -18% |
Local Market Factors
| Factor | Meridian | Chicago |
|---|---|---|
| Cost of Living Index | 105.6 | 107.8 |
| Commercial Rent ($/sqft/yr) | $14 - $28 | $25 - $65 |
| Labor Rate Index | 0.98 | 1.15 |
| Sales Tax | 6% | 10.25% |
| Minimum Wage | $7.25/hr | $15.80/hr |
| LLC Filing Fee | $100 | $150 |
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