Clothing Store Startup Cost Comparison

Layton, UT vs Chicago, IL

Layton, UT

$17,000 - $96,000

COL Index: 101.2

VS

Chicago, IL

$29,000 - $167,000

COL Index: 107.8

Detailed Cost Comparison

Expense Layton, UT Chicago, IL Difference
Business Registration & Licenses
$200 - $3,000 $200 - $3,000 Same
Space & Equipment
$7,800 - $47,000 $19,600 - $117,400 -60%
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)
$3,800 - $15,200 $4,000 - $16,200 -6%
Total Estimated Cost $17,000 - $96,000 $29,000 - $167,000 -42%

Local Market Factors

Factor Layton Chicago
Cost of Living Index 101.2 107.8
Commercial Rent ($/sqft/yr) $12 - $24 $25 - $65
Labor Rate Index 0.95 1.15
Sales Tax 7.15% 10.25%
Minimum Wage $7.25/hr $15.80/hr
LLC Filing Fee $54 $150

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