Carpentry Business Startup Cost Comparison
Racine, WI vs Houston, TX
Racine, WI
$18,000 - $89,000
COL Index: 89.5
VS
Houston, TX
$20,000 - $100,000
COL Index: 96.5
Detailed Cost Comparison
| Expense | Racine, WI | Houston, TX | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$700 - $2,800 | $1,900 - $6,200 | -57% |
|
Power Tools & Hand Tools
|
$5,000 - $25,000 | $5,000 - $25,000 | Same |
|
Work Vehicle & Trailer
|
$5,000 - $25,000 | $5,000 - $25,000 | Same |
|
Workshop or Shop Space
|
$700 - $6,700 | $1,400 - $13,700 | -51% |
|
Business Insurance (Annual)
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Initial Materials & Supplies
|
$500 - $3,000 | $500 - $3,000 | Same |
|
Marketing & Portfolio
|
$1,000 - $5,000 | $1,000 - $5,000 | Same |
|
Working Capital (3 Months)
|
$2,700 - $13,400 | $2,900 - $14,500 | -7% |
| Total Estimated Cost | $18,000 - $89,000 | $20,000 - $100,000 | -11% |
Local Market Factors
| Factor | Racine | Houston |
|---|---|---|
| Cost of Living Index | 89.5 | 96.5 |
| Commercial Rent ($/sqft/yr) | $9 - $22 | $18 - $45 |
| Labor Rate Index | 0.83 | 0.92 |
| Sales Tax | 5.5% | 8.25% |
| Minimum Wage | $7.25/hr | $7.25/hr |
| LLC Filing Fee | $130 | $300 |
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