Dog Daycare Startup Cost Comparison
Chicago, IL vs New York, NY
Chicago, IL
$54,000 - $401,000
COL Index: 107.8
VS
New York, NY
$83,000 - $677,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Chicago, IL | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$5,600 - $10,900 | $5,300 - $17,100 | -26% |
|
Facility Lease & Build-Out
|
$29,300 - $293,500 | $52,200 - $521,700 | -44% |
|
Equipment & Supplies
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Business Insurance (Annual)
|
$3,000 - $10,000 | $3,000 - $10,000 | Same |
|
Initial Staff Training
|
$2,300 - $9,200 | $2,900 - $11,600 | -21% |
|
Marketing & Launch
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Working Capital (3 Months)
|
$8,600 - $53,900 | $15,000 - $93,600 | -42% |
| Total Estimated Cost | $54,000 - $401,000 | $83,000 - $677,000 | -40% |
Local Market Factors
| Factor | Chicago | New York |
|---|---|---|
| Cost of Living Index | 107.8 | 187.2 |
| Commercial Rent ($/sqft/yr) | $25 - $65 | $40 - $120 |
| Labor Rate Index | 1.15 | 1.45 |
| Sales Tax | 10.25% | 8.875% |
| Minimum Wage | $15.80/hr | $16.00/hr |
| LLC Filing Fee | $150 | $200 |
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