Bakery Startup Cost Comparison
Springfield, MA vs Chicago, IL
Springfield, MA
$51,000 - $222,000
COL Index: 96.8
VS
Chicago, IL
$66,000 - $276,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Springfield, MA | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$2,400 - $11,300 | $5,600 - $10,900 | -17% |
|
Commercial Lease (First + Last + Security)
|
$4,200 - $20,900 | $11,700 - $58,700 | -64% |
|
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
|
$14,300 - $61,800 | $17,300 - $74,800 | -17% |
|
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)
|
$9,700 - $33,900 | $10,800 - $37,700 | -10% |
| Total Estimated Cost | $51,000 - $222,000 | $66,000 - $276,000 | -20% |
Local Market Factors
| Factor | Springfield | Chicago |
|---|---|---|
| Cost of Living Index | 96.8 | 107.8 |
| Commercial Rent ($/sqft/yr) | $10 - $22 | $25 - $65 |
| Labor Rate Index | 0.95 | 1.15 |
| Sales Tax | 6.25% | 10.25% |
| Minimum Wage | $15.00/hr | $15.80/hr |
| LLC Filing Fee | $500 | $150 |
View Full Details
Ready to Start Your Bakery?
Start your Bakery LLC in — free registered agent for 1 year.
Form Your LLC for $0 + State Fee →Trusted by 500,000+ businesses · Excellent rating on Trustpilot