Car Rental Business Startup Cost Comparison
Provo, UT vs Chicago, IL
Provo, UT
$52,000 - $486,000
COL Index: 102.5
VS
Chicago, IL
$54,000 - $509,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Provo, UT | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Vehicle Fleet (5-20 cars)
|
$25,000 - $300,000 | $25,000 - $300,000 | Same |
|
Booking & Fleet Management
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Commercial Auto Insurance (Annual)
|
$10,000 - $80,000 | $10,000 - $80,000 | Same |
|
Office or Pickup Location
|
$1,900 - $19,100 | $3,900 - $39,100 | -51% |
|
Marketing & Platform Listings
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Working Capital (3 Months)
|
$10,300 - $61,500 | $10,800 - $64,700 | -5% |
| Total Estimated Cost | $52,000 - $486,000 | $54,000 - $509,000 | -4% |
Local Market Factors
| Factor | Provo | Chicago |
|---|---|---|
| Cost of Living Index | 102.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $14 - $30 | $25 - $65 |
| Labor Rate Index | 0.95 | 1.15 |
| Sales Tax | 7.25% | 10.25% |
| Minimum Wage | $7.25/hr | $15.80/hr |
| LLC Filing Fee | $54 | $150 |
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