Demolition Company Startup Cost Comparison
Rochester, MN vs Chicago, IL
Rochester, MN
$61,000 - $285,000
COL Index: 101.5
VS
Chicago, IL
$66,000 - $292,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Rochester, MN | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Demolition License
|
$1,000 - $6,000 | $5,600 - $10,900 | -58% |
|
Heavy Equipment
|
$20,000 - $120,000 | $20,000 - $120,000 | Same |
|
Trucks & Dumpster Access
|
$15,000 - $60,000 | $15,000 - $60,000 | Same |
|
Hand Tools & Safety Equipment
|
$3,000 - $12,000 | $3,000 - $12,000 | Same |
|
Insurance & Bonding
|
$8,000 - $30,000 | $8,000 - $30,000 | Same |
|
Environmental Compliance & Training
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Marketing & Estimating Software
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Working Capital (3-6 Months)
|
$10,200 - $40,600 | $10,800 - $43,100 | -6% |
| Total Estimated Cost | $61,000 - $285,000 | $66,000 - $292,000 | -3% |
Local Market Factors
| Factor | Rochester | Chicago |
|---|---|---|
| Cost of Living Index | 101.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $14 - $30 | $25 - $65 |
| Labor Rate Index | 1 | 1.15 |
| Sales Tax | 7.375% | 10.25% |
| Minimum Wage | $10.85/hr | $15.80/hr |
| LLC Filing Fee | $155 | $150 |
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