Dental Practice Startup Cost Comparison

Goodyear, AZ vs Chicago, IL

Goodyear, AZ

$299,000 - $739,000

COL Index: 100.8

VS

Chicago, IL

$330,000 - $827,000

COL Index: 107.8

Detailed Cost Comparison

Expense Goodyear, AZ Chicago, IL Difference
Business Formation & Dental Licensing
$3,000 - $12,000 $5,600 - $12,000 -15%
Commercial Lease (First + Last + Security)
$10,200 - $38,200 $23,500 - $88,000 -57%
Dental Equipment & Technology
$150,000 - $350,000 $150,000 - $350,000 Same
Dental Supplies & Materials
$10,000 - $30,000 $10,000 - $30,000 Same
Dental Office Build-Out
$57,000 - $142,500 $69,000 - $172,500 -17%
Malpractice & Business Insurance (Annual)
$8,000 - $20,000 $8,000 - $20,000 Same
Marketing & Patient Acquisition
$10,000 - $25,000 $10,000 - $25,000 Same
Working Capital (3-6 Months)
$50,400 - $121,000 $53,900 - $129,400 -6%
Total Estimated Cost $299,000 - $739,000 $330,000 - $827,000 -10%

Local Market Factors

Factor Goodyear Chicago
Cost of Living Index 100.8 107.8
Commercial Rent ($/sqft/yr) $13 - $26 $25 - $65
Labor Rate Index 0.95 1.15
Sales Tax 8.8% 10.25%
Minimum Wage $14.35/hr $15.80/hr
LLC Filing Fee $50 $150

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