Dental Practice Startup Cost Comparison

Tacoma, WA vs Chicago, IL

Tacoma, WA

$320,000 - $797,000

COL Index: 118.5

VS

Chicago, IL

$330,000 - $827,000

COL Index: 107.8

Detailed Cost Comparison

Expense Tacoma, WA Chicago, IL Difference
Business Formation & Dental Licensing
$3,000 - $12,000 $5,600 - $12,000 -15%
Commercial Lease (First + Last + Security)
$14,100 - $52,800 $23,500 - $88,000 -40%
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
$66,000 - $165,000 $69,000 - $172,500 -4%
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)
$59,300 - $142,200 $53,900 - $129,400 +10%
Total Estimated Cost $320,000 - $797,000 $330,000 - $827,000 -3%

Local Market Factors

Factor Tacoma Chicago
Cost of Living Index 118.5 107.8
Commercial Rent ($/sqft/yr) $16 - $38 $25 - $65
Labor Rate Index 1.1 1.15
Sales Tax 10.2% 10.25%
Minimum Wage $16.28/hr $15.80/hr
LLC Filing Fee $180 $150

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