Convenience Store Startup Cost Comparison
Shreveport, LA vs Chicago, IL
Shreveport, LA
$38,000 - $248,000
COL Index: 85.3
VS
Chicago, IL
$59,000 - $393,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Shreveport, LA | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Commercial Space & Build-Out
|
$9,800 - $68,500 | $29,300 - $205,400 | -67% |
|
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)
|
$6,400 - $29,900 | $8,100 - $37,700 | -21% |
| Total Estimated Cost | $38,000 - $248,000 | $59,000 - $393,000 | -37% |
Local Market Factors
| Factor | Shreveport | Chicago |
|---|---|---|
| Cost of Living Index | 85.3 | 107.8 |
| Commercial Rent ($/sqft/yr) | $10 - $20 | $25 - $65 |
| Labor Rate Index | 0.83 | 1.15 |
| Sales Tax | 9.6% | 10.25% |
| Minimum Wage | $7.25/hr | $15.80/hr |
| LLC Filing Fee | $100 | $150 |
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