Clothing Store Startup Cost Comparison
Gilbert, AZ vs Chicago, IL
Gilbert, AZ
$22,000 - $125,000
COL Index: 106.5
VS
Chicago, IL
$29,000 - $167,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Gilbert, AZ | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$12,600 - $75,700 | $19,600 - $117,400 | -36% |
|
Initial Supplies & Inventory
|
$3,800 - $22,500 | $3,800 - $22,500 | Same |
|
Business Insurance (Annual)
|
$500 - $3,000 | $500 - $3,000 | Same |
|
Marketing & Launch
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Working Capital (3 Months)
|
$4,000 - $16,000 | $4,000 - $16,200 | -1% |
| Total Estimated Cost | $22,000 - $125,000 | $29,000 - $167,000 | -25% |
Local Market Factors
| Factor | Gilbert | Chicago |
|---|---|---|
| Cost of Living Index | 106.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $18 - $40 | $25 - $65 |
| Labor Rate Index | 1.02 | 1.15 |
| Sales Tax | 7.8% | 10.25% |
| Minimum Wage | $14.35/hr | $15.80/hr |
| LLC Filing Fee | $50 | $150 |
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