Construction Company Startup Cost Comparison
Honolulu, HI vs Chicago, IL
Honolulu, HI
$78,000 - $644,000
COL Index: 192.5
VS
Chicago, IL
$64,000 - $517,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Honolulu, HI | Chicago, IL | Difference |
|---|---|---|---|
|
Licensing & Contractor License
|
$2,600 - $15,000 | $5,600 - $15,000 | -15% |
|
Heavy Equipment & Tools
|
$15,000 - $200,000 | $15,000 - $200,000 | Same |
|
Trucks & Vehicles
|
$10,000 - $80,000 | $10,000 - $80,000 | Same |
|
Insurance & Bonding
|
$8,000 - $40,000 | $8,000 - $40,000 | Same |
|
Project Management & Estimating
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Marketing & Bid Preparation
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Working Capital (3-6 Months)
|
$38,500 - $288,800 | $21,600 - $161,700 | +79% |
| Total Estimated Cost | $78,000 - $644,000 | $64,000 - $517,000 | +24% |
Local Market Factors
| Factor | Honolulu | Chicago |
|---|---|---|
| Cost of Living Index | 192.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $30 - $75 | $25 - $65 |
| Labor Rate Index | 1.3 | 1.15 |
| Sales Tax | 4.5% | 10.25% |
| Minimum Wage | $14.00/hr | $15.80/hr |
| LLC Filing Fee | $50 | $150 |
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