Boutique Startup Cost Comparison
El Paso, TX vs Chicago, IL
El Paso, TX
$40,000 - $197,000
COL Index: 86.2
VS
Chicago, IL
$55,000 - $270,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | El Paso, TX | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Permits
|
$1,800 - $5,900 | $5,600 - $10,900 | -53% |
|
Commercial Lease (First + Last + Security)
|
$3,400 - $27,400 | $8,800 - $70,400 | -61% |
|
Initial Inventory Purchase
|
$15,000 - $70,000 | $15,000 - $70,000 | Same |
|
Store Build-Out & Fixtures
|
$8,000 - $40,000 | $11,500 - $57,500 | -30% |
|
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)
|
$6,900 - $30,200 | $8,600 - $37,700 | -20% |
| Total Estimated Cost | $40,000 - $197,000 | $55,000 - $270,000 | -27% |
Local Market Factors
| Factor | El Paso | Chicago |
|---|---|---|
| Cost of Living Index | 86.2 | 107.8 |
| Commercial Rent ($/sqft/yr) | $10 - $25 | $25 - $65 |
| Labor Rate Index | 0.8 | 1.15 |
| Sales Tax | 8.25% | 10.25% |
| Minimum Wage | $7.25/hr | $15.80/hr |
| LLC Filing Fee | $300 | $150 |
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