Boutique Startup Cost Comparison

Port St. Lucie, FL vs Chicago, IL

Port St. Lucie, FL

$42,000 - $207,000

COL Index: 98.4

VS

Chicago, IL

$55,000 - $270,000

COL Index: 107.8

Detailed Cost Comparison

Expense Port St. Lucie, FL Chicago, IL Difference
Business Registration & Permits
$1,400 - $5,000 $5,600 - $10,900 -61%
Commercial Lease (First + Last + Security)
$3,500 - $28,200 $8,800 - $70,400 -60%
Initial Inventory Purchase
$15,000 - $70,000 $15,000 - $70,000 Same
Store Build-Out & Fixtures
$9,200 - $46,000 $11,500 - $57,500 -20%
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)
$7,900 - $34,400 $8,600 - $37,700 -9%
Total Estimated Cost $42,000 - $207,000 $55,000 - $270,000 -23%

Local Market Factors

Factor Port St. Lucie Chicago
Cost of Living Index 98.4 107.8
Commercial Rent ($/sqft/yr) $12 - $24 $25 - $65
Labor Rate Index 0.92 1.15
Sales Tax 7% 10.25%
Minimum Wage $13.00/hr $15.80/hr
LLC Filing Fee $125 $150

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