Convenience Store Startup Cost Comparison
Lawrence, KS vs Chicago, IL
Lawrence, KS
$42,000 - $273,000
COL Index: 93.2
VS
Chicago, IL
$59,000 - $393,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Lawrence, KS | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Commercial Space & Build-Out
|
$13,000 - $91,300 | $29,300 - $205,400 | -56% |
|
Equipment & Fixtures
|
$12,500 - $87,500 | $12,500 - $87,500 | Same |
|
Initial Inventory & Supplies
|
$5,000 - $35,000 | $5,000 - $35,000 | Same |
|
Business Insurance (Annual)
|
$2,000 - $12,000 | $2,000 - $12,000 | Same |
|
Marketing & Grand Opening
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Working Capital (3 Months)
|
$7,000 - $32,600 | $8,100 - $37,700 | -14% |
| Total Estimated Cost | $42,000 - $273,000 | $59,000 - $393,000 | -30% |
Local Market Factors
| Factor | Lawrence | Chicago |
|---|---|---|
| Cost of Living Index | 93.2 | 107.8 |
| Commercial Rent ($/sqft/yr) | $12 - $28 | $25 - $65 |
| Labor Rate Index | 0.87 | 1.15 |
| Sales Tax | 9.3% | 10.25% |
| Minimum Wage | $7.25/hr | $15.80/hr |
| LLC Filing Fee | $160 | $150 |
View Full Details
Ready to Start Your Convenience Store?
Start your Convenience Store LLC in — free registered agent for 1 year.
Form Your LLC for $0 + State Fee →Trusted by 500,000+ businesses · Excellent rating on Trustpilot