Barbershop Startup Cost Comparison
Torrance, CA vs Chicago, IL
Torrance, CA
$51,000 - $191,000
COL Index: 145.7
VS
Chicago, IL
$50,000 - $179,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Torrance, CA | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$3,200 - $12,000 | $5,600 - $10,900 | -8% |
|
Commercial Lease (First + Last + Security)
|
$8,200 - $41,100 | $8,800 - $44,000 | -7% |
|
Barber Chairs & Stations
|
$10,000 - $40,000 | $10,000 - $40,000 | Same |
|
Initial Product Inventory
|
$1,500 - $5,000 | $1,500 - $5,000 | Same |
|
Interior Build-Out & Design
|
$12,800 - $44,800 | $11,500 - $40,300 | +11% |
|
Business Insurance (Annual)
|
$1,500 - $5,000 | $1,500 - $5,000 | Same |
|
Marketing & Launch
|
$2,000 - $7,000 | $2,000 - $7,000 | Same |
|
Working Capital (3 Months)
|
$11,700 - $36,400 | $8,600 - $27,000 | +35% |
| Total Estimated Cost | $51,000 - $191,000 | $50,000 - $179,000 | +6% |
Local Market Factors
| Factor | Torrance | Chicago |
|---|---|---|
| Cost of Living Index | 145.7 | 107.8 |
| Commercial Rent ($/sqft/yr) | $26 - $58 | $25 - $65 |
| Labor Rate Index | 1.28 | 1.15 |
| Sales Tax | 10% | 10.25% |
| Minimum Wage | $16.00/hr | $15.80/hr |
| LLC Filing Fee | $70 | $150 |
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