Dance Studio Startup Cost Comparison

Sunnyvale, CA vs Chicago, IL

Sunnyvale, CA

$48,000 - $236,000

COL Index: 192.5

VS

Chicago, IL

$38,000 - $170,000

COL Index: 107.8

Detailed Cost Comparison

Expense Sunnyvale, CA Chicago, IL Difference
Business Registration & Licenses
$4,100 - $18,100 $5,600 - $10,900 +35%
Studio Lease (First + Last + Security)
$13,300 - $79,600 $9,800 - $58,700 +36%
Studio Build-Out
$12,400 - $54,300 $9,200 - $40,300 +35%
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)
$11,600 - $53,900 $6,500 - $30,200 +78%
Total Estimated Cost $48,000 - $236,000 $38,000 - $170,000 +37%

Local Market Factors

Factor Sunnyvale Chicago
Cost of Living Index 192.5 107.8
Commercial Rent ($/sqft/yr) $42 - $80 $25 - $65
Labor Rate Index 1.55 1.15
Sales Tax 9.375% 10.25%
Minimum Wage $18.55/hr $15.80/hr
LLC Filing Fee $70 $150

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