Auto Body Shop Startup Cost Comparison

Springfield, IL vs Los Angeles, CA

Springfield, IL

$28,000 - $163,000

COL Index: 86.5

VS

Los Angeles, CA

$71,000 - $409,000

COL Index: 166.5

Detailed Cost Comparison

Expense Springfield, IL Los Angeles, CA Difference
Business Registration & Licenses
$200 - $3,000 $200 - $3,000 Same
Space & Equipment
$13,000 - $78,300 $50,000 - $300,000 -74%
Initial Supplies & Inventory
$7,500 - $45,000 $7,500 - $45,000 Same
Business Insurance (Annual)
$500 - $6,000 $500 - $6,000 Same
Marketing & Launch
$500 - $5,000 $500 - $5,000 Same
Working Capital (3 Months)
$6,500 - $26,000 $12,500 - $50,000 -48%
Total Estimated Cost $28,000 - $163,000 $71,000 - $409,000 -60%

Local Market Factors

Factor Springfield Los Angeles
Cost of Living Index 86.5 166.5
Commercial Rent ($/sqft/yr) $10 - $20 $30 - $85
Labor Rate Index 0.86 1.35
Sales Tax 9.75% 9.5%
Minimum Wage $14.00/hr $16.78/hr
LLC Filing Fee $150 $70

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