Boutique Startup Cost Comparison

Las Vegas, NV vs Chicago, IL

Las Vegas, NV

$48,000 - $240,000

COL Index: 105.8

VS

Chicago, IL

$55,000 - $270,000

COL Index: 107.8

Detailed Cost Comparison

Expense Las Vegas, NV Chicago, IL Difference
Business Registration & Permits
$2,700 - $9,900 $5,600 - $10,900 -24%
Commercial Lease (First + Last + Security)
$6,200 - $49,300 $8,800 - $70,400 -30%
Initial Inventory Purchase
$15,000 - $70,000 $15,000 - $70,000 Same
Store Build-Out & Fixtures
$10,200 - $51,000 $11,500 - $57,500 -11%
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)
$8,500 - $37,000 $8,600 - $37,700 -2%
Total Estimated Cost $48,000 - $240,000 $55,000 - $270,000 -11%

Local Market Factors

Factor Las Vegas Chicago
Cost of Living Index 105.8 107.8
Commercial Rent ($/sqft/yr) $18 - $45 $25 - $65
Labor Rate Index 1.02 1.15
Sales Tax 8.375% 10.25%
Minimum Wage $12.00/hr $15.80/hr
LLC Filing Fee $75 $150

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