Catering Business Startup Cost Comparison
Peoria, IL vs Chicago, IL
Peoria, IL
$22,000 - $115,000
COL Index: 85
VS
Chicago, IL
$32,000 - $152,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Peoria, IL | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$700 - $3,300 | $5,600 - $10,900 | -76% |
|
Commercial Kitchen Access
|
$1,700 - $10,200 | $5,900 - $35,200 | -71% |
|
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)
|
$4,300 - $17,000 | $5,400 - $21,600 | -21% |
| Total Estimated Cost | $22,000 - $115,000 | $32,000 - $152,000 | -26% |
Local Market Factors
| Factor | Peoria | Chicago |
|---|---|---|
| Cost of Living Index | 85 | 107.8 |
| Commercial Rent ($/sqft/yr) | $8 - $18 | $25 - $65 |
| Labor Rate Index | 0.85 | 1.15 |
| Sales Tax | 9.5% | 10.25% |
| Minimum Wage | $14.00/hr | $15.80/hr |
| LLC Filing Fee | $150 | $150 |
View Full Details
Ready to Start Your Catering Business?
File your Catering Business LLC online and pay only the state fee on the basic plan.
Form Your LLC for $0 + State Fee →Rated “Excellent” on Trustpilot · Registered agent service sold separately