Dance Studio Startup Cost Comparison
Baltimore, MD vs Chicago, IL
Baltimore, MD
$30,000 - $140,000
COL Index: 108.5
VS
Chicago, IL
$38,000 - $170,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Baltimore, MD | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,900 - $6,200 | $5,600 - $10,900 | -51% |
|
Studio Lease (First + Last + Security)
|
$6,100 - $36,500 | $9,800 - $58,700 | -38% |
|
Studio Build-Out
|
$8,400 - $36,800 | $9,200 - $40,300 | -9% |
|
Sound System & Equipment
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Dancewear & Merchandise Inventory
|
$1,500 - $6,000 | $1,500 - $6,000 | Same |
|
Business Insurance (Annual)
|
$1,500 - $6,000 | $1,500 - $6,000 | Same |
|
Marketing & Student Recruitment
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Working Capital (3 Months)
|
$6,500 - $30,400 | $6,500 - $30,200 | +1% |
| Total Estimated Cost | $30,000 - $140,000 | $38,000 - $170,000 | -18% |
Local Market Factors
| Factor | Baltimore | Chicago |
|---|---|---|
| Cost of Living Index | 108.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $16 - $40 | $25 - $65 |
| Labor Rate Index | 1.05 | 1.15 |
| Sales Tax | 6% | 10.25% |
| Minimum Wage | $15.00/hr | $15.80/hr |
| LLC Filing Fee | $100 | $150 |
View Full Details
Ready to Start Your Dance Studio?
Start your Dance Studio LLC in — free registered agent for 1 year.
Form Your LLC for $0 + State Fee →Trusted by 500,000+ businesses · Excellent rating on Trustpilot