Dog Daycare Startup Cost Comparison
Colorado Springs, CO vs Chicago, IL
Colorado Springs, CO
$35,000 - $257,000
COL Index: 105.2
VS
Chicago, IL
$54,000 - $401,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Colorado Springs, CO | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$900 - $4,100 | $5,600 - $10,900 | -70% |
|
Facility Lease & Build-Out
|
$16,000 - $159,800 | $29,300 - $293,500 | -46% |
|
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
|
$2,000 - $7,800 | $2,300 - $9,200 | -15% |
|
Marketing & Launch
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Working Capital (3 Months)
|
$8,400 - $52,600 | $8,600 - $53,900 | -2% |
| Total Estimated Cost | $35,000 - $257,000 | $54,000 - $401,000 | -36% |
Local Market Factors
| Factor | Colorado Springs | Chicago |
|---|---|---|
| Cost of Living Index | 105.2 | 107.8 |
| Commercial Rent ($/sqft/yr) | $14 - $35 | $25 - $65 |
| Labor Rate Index | 0.98 | 1.15 |
| Sales Tax | 8.25% | 10.25% |
| Minimum Wage | $14.42/hr | $15.80/hr |
| LLC Filing Fee | $50 | $150 |
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