Dental Practice Startup Cost Comparison
Richmond, VA vs Chicago, IL
Richmond, VA
$303,000 - $751,000
COL Index: 100.5
VS
Chicago, IL
$330,000 - $827,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Richmond, VA | Chicago, IL | Difference |
|---|---|---|---|
|
Business Formation & Dental Licensing
|
$3,000 - $12,000 | $5,600 - $12,000 | -15% |
|
Commercial Lease (First + Last + Security)
|
$11,500 - $43,000 | $23,500 - $88,000 | -51% |
|
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
|
$60,000 - $150,000 | $69,000 - $172,500 | -13% |
|
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)
|
$50,300 - $120,600 | $53,900 - $129,400 | -7% |
| Total Estimated Cost | $303,000 - $751,000 | $330,000 - $827,000 | -9% |
Local Market Factors
| Factor | Richmond | Chicago |
|---|---|---|
| Cost of Living Index | 100.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $14 - $30 | $25 - $65 |
| Labor Rate Index | 1 | 1.15 |
| Sales Tax | 6% | 10.25% |
| Minimum Wage | $12.41/hr | $15.80/hr |
| LLC Filing Fee | $100 | $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