Dental Practice Startup Cost Comparison
Paterson, NJ vs Chicago, IL
Paterson, NJ
$310,000 - $777,000
COL Index: 104.6
VS
Chicago, IL
$330,000 - $827,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Paterson, NJ | Chicago, IL | Difference |
|---|---|---|---|
|
Business Formation & Dental Licensing
|
$8,400 - $36,200 | $5,600 - $12,000 | +153% |
|
Commercial Lease (First + Last + Security)
|
$9,900 - $37,200 | $23,500 - $88,000 | -58% |
|
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
|
$61,200 - $153,000 | $69,000 - $172,500 | -11% |
|
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)
|
$52,300 - $125,500 | $53,900 - $129,400 | -3% |
| Total Estimated Cost | $310,000 - $777,000 | $330,000 - $827,000 | -6% |
Local Market Factors
| Factor | Paterson | Chicago |
|---|---|---|
| Cost of Living Index | 104.6 | 107.8 |
| Commercial Rent ($/sqft/yr) | $12 - $26 | $25 - $65 |
| Labor Rate Index | 1.02 | 1.15 |
| Sales Tax | 6.625% | 10.25% |
| Minimum Wage | $15.49/hr | $15.80/hr |
| LLC Filing Fee | $125 | $150 |
View Full Details
Ready to Start Your Dental Practice?
Start your Dental Practice LLC in — free registered agent for 1 year.
Form Your LLC for $0 + State Fee →Trusted by 500,000+ businesses · Excellent rating on Trustpilot