Clothing Store Startup Cost Comparison
Great Falls, MT vs Chicago, IL
Great Falls, MT
$14,000 - $79,000
COL Index: 91.5
VS
Chicago, IL
$29,000 - $167,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Great Falls, MT | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$5,200 - $31,300 | $19,600 - $117,400 | -73% |
|
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)
|
$3,400 - $13,700 | $4,000 - $16,200 | -15% |
| Total Estimated Cost | $14,000 - $79,000 | $29,000 - $167,000 | -53% |
Local Market Factors
| Factor | Great Falls | Chicago |
|---|---|---|
| Cost of Living Index | 91.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $8 - $16 | $25 - $65 |
| Labor Rate Index | 0.85 | 1.15 |
| Sales Tax | 0% | 10.25% |
| Minimum Wage | $10.30/hr | $15.80/hr |
| LLC Filing Fee | $70 | $150 |
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