Boutique Startup Cost Comparison

Aurora, CO vs Chicago, IL

Aurora, CO

$46,000 - $232,000

COL Index: 108.5

VS

Chicago, IL

$55,000 - $270,000

COL Index: 107.8

Detailed Cost Comparison

Expense Aurora, CO Chicago, IL Difference
Business Registration & Permits
$1,400 - $6,100 $5,600 - $10,900 -55%
Commercial Lease (First + Last + Security)
$5,300 - $42,300 $8,800 - $70,400 -40%
Initial Inventory Purchase
$15,000 - $70,000 $15,000 - $70,000 Same
Store Build-Out & Fixtures
$10,500 - $52,500 $11,500 - $57,500 -9%
POS System & Technology
$1,500 - $6,000 $1,500 - $6,000 Same
Business Insurance (Annual)
$1,500 - $5,000 $1,500 - $5,000 Same
Marketing & Branding
$2,000 - $12,000 $2,000 - $12,000 Same
Working Capital (3 Months)
$8,700 - $38,000 $8,600 - $37,700 +1%
Total Estimated Cost $46,000 - $232,000 $55,000 - $270,000 -14%

Local Market Factors

Factor Aurora Chicago
Cost of Living Index 108.5 107.8
Commercial Rent ($/sqft/yr) $16 - $38 $25 - $65
Labor Rate Index 1.05 1.15
Sales Tax 8% 10.25%
Minimum Wage $14.42/hr $15.80/hr
LLC Filing Fee $50 $150

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