Campground Startup Cost Comparison
Akron, OH vs Chicago, IL
Akron, OH
$80,000 - $740,000
COL Index: 86
VS
Chicago, IL
$142,000 - $1,446,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Akron, OH | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,000 - $5,000 | $5,600 - $10,900 | -64% |
|
Land Purchase or Lease
|
$17,000 - $226,100 | $58,700 - $782,600 | -71% |
|
Site Development & Infrastructure
|
$25,500 - $255,000 | $34,500 - $345,000 | -26% |
|
Bathhouse & Facilities
|
$12,800 - $102,000 | $17,300 - $138,000 | -26% |
|
Equipment & Amenities
|
$8,000 - $50,000 | $8,000 - $50,000 | Same |
|
Business Insurance (Annual)
|
$4,000 - $18,000 | $4,000 - $18,000 | Same |
|
Marketing & Reservation System
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Working Capital (6 Months)
|
$8,600 - $68,800 | $10,800 - $86,200 | -20% |
| Total Estimated Cost | $80,000 - $740,000 | $142,000 - $1,446,000 | -48% |
Local Market Factors
| Factor | Akron | Chicago |
|---|---|---|
| Cost of Living Index | 86 | 107.8 |
| Commercial Rent ($/sqft/yr) | $8 - $18 | $25 - $65 |
| Labor Rate Index | 0.85 | 1.15 |
| Sales Tax | 6.75% | 10.25% |
| Minimum Wage | $10.45/hr | $15.80/hr |
| LLC Filing Fee | $99 | $150 |
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