Catering Business Startup Cost Comparison
Albany, NY vs Chicago, IL
Albany, NY
$24,000 - $123,000
COL Index: 93.6
VS
Chicago, IL
$32,000 - $152,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Albany, NY | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$2,400 - $8,200 | $5,600 - $10,900 | -36% |
|
Commercial Kitchen Access
|
$2,100 - $12,500 | $5,900 - $35,200 | -64% |
|
Catering Equipment & Supplies
|
$5,000 - $30,000 | $5,000 - $30,000 | Same |
|
Delivery Vehicle
|
$5,000 - $35,000 | $5,000 - $35,000 | Same |
|
Initial Food & Supply Inventory
|
$1,500 - $5,000 | $1,500 - $5,000 | Same |
|
Business Insurance (Annual)
|
$2,000 - $6,000 | $2,000 - $6,000 | Same |
|
Marketing & Branding
|
$1,500 - $8,000 | $1,500 - $8,000 | Same |
|
Working Capital (3 Months)
|
$4,700 - $18,700 | $5,400 - $21,600 | -13% |
| Total Estimated Cost | $24,000 - $123,000 | $32,000 - $152,000 | -20% |
Local Market Factors
| Factor | Albany | Chicago |
|---|---|---|
| Cost of Living Index | 93.6 | 107.8 |
| Commercial Rent ($/sqft/yr) | $10 - $22 | $25 - $65 |
| Labor Rate Index | 0.94 | 1.15 |
| Sales Tax | 8% | 10.25% |
| Minimum Wage | $15.00/hr | $15.80/hr |
| LLC Filing Fee | $200 | $150 |
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