Convenience Store Startup Cost Comparison
Stamford, CT vs Chicago, IL
Stamford, CT
$62,000 - $401,000
COL Index: 143.5
VS
Chicago, IL
$59,000 - $393,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Stamford, CT | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Commercial Space & Build-Out
|
$28,700 - $200,900 | $29,300 - $205,400 | -2% |
|
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)
|
$10,800 - $50,200 | $8,100 - $37,700 | +33% |
| Total Estimated Cost | $62,000 - $401,000 | $59,000 - $393,000 | +2% |
Local Market Factors
| Factor | Stamford | Chicago |
|---|---|---|
| Cost of Living Index | 143.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $28 - $60 | $25 - $65 |
| Labor Rate Index | 1.32 | 1.15 |
| Sales Tax | 6.35% | 10.25% |
| Minimum Wage | $16.35/hr | $15.80/hr |
| LLC Filing Fee | $120 | $150 |
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