Coworking Space Startup Cost Comparison
Casper, WY vs Chicago, IL
Casper, WY
$53,000 - $253,000
COL Index: 93.5
VS
Chicago, IL
$111,000 - $538,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Casper, WY | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$22,600 - $113,000 | $78,300 - $391,300 | -71% |
|
Initial Supplies & Inventory
|
$15,000 - $75,000 | $15,000 - $75,000 | Same |
|
Business Insurance (Annual)
|
$500 - $10,000 | $500 - $10,000 | Same |
|
Marketing & Launch
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Working Capital (3 Months)
|
$14,000 - $46,800 | $16,200 - $53,900 | -13% |
| Total Estimated Cost | $53,000 - $253,000 | $111,000 - $538,000 | -53% |
Local Market Factors
| Factor | Casper | Chicago |
|---|---|---|
| Cost of Living Index | 93.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $8 - $18 | $25 - $65 |
| Labor Rate Index | 0.82 | 1.15 |
| Sales Tax | 6% | 10.25% |
| Minimum Wage | $7.25/hr | $15.80/hr |
| LLC Filing Fee | $100 | $150 |
View Full Details
Ready to Start Your Coworking Space?
Start your Coworking Space LLC in — free registered agent for 1 year.
Form Your LLC for $0 + State Fee →Trusted by 500,000+ businesses · Excellent rating on Trustpilot