Coworking Space Startup Cost Comparison
Naperville, IL vs Los Angeles, CA
Naperville, IL
$87,000 - $419,000
COL Index: 112.5
VS
Los Angeles, CA
$141,000 - $676,000
COL Index: 166.5
Detailed Cost Comparison
| Expense | Naperville, IL | Los Angeles, CA | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$53,900 - $269,600 | $100,000 - $500,000 | -46% |
|
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)
|
$16,900 - $56,300 | $25,000 - $83,300 | -32% |
| Total Estimated Cost | $87,000 - $419,000 | $141,000 - $676,000 | -38% |
Local Market Factors
| Factor | Naperville | Los Angeles |
|---|---|---|
| Cost of Living Index | 112.5 | 166.5 |
| Commercial Rent ($/sqft/yr) | $20 - $42 | $30 - $85 |
| Labor Rate Index | 1.1 | 1.35 |
| Sales Tax | 7.75% | 9.5% |
| Minimum Wage | $14.00/hr | $16.78/hr |
| LLC Filing Fee | $150 | $70 |
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