Coffee Shop Startup Cost Comparison
Santa Fe, NM vs Chicago, IL
Santa Fe, NM
$62,000 - $245,000
COL Index: 112.5
VS
Chicago, IL
$72,000 - $279,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Santa Fe, NM | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,600 - $6,600 | $5,600 - $10,900 | -50% |
|
Commercial Lease (First + Last + Security)
|
$7,000 - $35,200 | $11,700 - $58,700 | -40% |
|
Espresso Machines & Equipment
|
$20,000 - $80,000 | $20,000 - $80,000 | Same |
|
Initial Coffee & Food Inventory
|
$3,000 - $8,000 | $3,000 - $8,000 | Same |
|
Interior Build-Out & Renovation
|
$15,300 - $61,200 | $17,300 - $69,000 | -11% |
|
Business Insurance (Annual)
|
$2,000 - $7,000 | $2,000 - $7,000 | Same |
|
Marketing & Grand Opening
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Working Capital (3 Months)
|
$11,300 - $39,400 | $10,800 - $37,700 | +5% |
| Total Estimated Cost | $62,000 - $245,000 | $72,000 - $279,000 | -13% |
Local Market Factors
| Factor | Santa Fe | Chicago |
|---|---|---|
| Cost of Living Index | 112.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $16 - $38 | $25 - $65 |
| Labor Rate Index | 1.02 | 1.15 |
| Sales Tax | 8.4375% | 10.25% |
| Minimum Wage | $14.60/hr | $15.80/hr |
| LLC Filing Fee | $50 | $150 |
View Full Details
Ready to Start Your Coffee Shop?
Start your Coffee Shop LLC in — free registered agent for 1 year.
Form Your LLC for $0 + State Fee →Trusted by 500,000+ businesses · Excellent rating on Trustpilot