Donut Shop Startup Cost Comparison
Gary, IN vs Chicago, IL
Gary, IN
$36,000 - $176,000
COL Index: 81.5
VS
Chicago, IL
$59,000 - $288,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Gary, IN | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Commercial Space & Build-Out
|
$8,200 - $40,800 | $29,300 - $146,700 | -72% |
|
Equipment & Fixtures
|
$12,500 - $62,500 | $12,500 - $62,500 | Same |
|
Initial Inventory & Supplies
|
$5,000 - $25,000 | $5,000 - $25,000 | Same |
|
Business Insurance (Annual)
|
$2,000 - $12,000 | $2,000 - $12,000 | Same |
|
Marketing & Grand Opening
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Working Capital (3 Months)
|
$6,100 - $20,400 | $8,100 - $27,000 | -25% |
| Total Estimated Cost | $36,000 - $176,000 | $59,000 - $288,000 | -39% |
Local Market Factors
| Factor | Gary | Chicago |
|---|---|---|
| Cost of Living Index | 81.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $7 - $18 | $25 - $65 |
| Labor Rate Index | 0.75 | 1.15 |
| Sales Tax | 7% | 10.25% |
| Minimum Wage | $7.25/hr | $15.80/hr |
| LLC Filing Fee | $95 | $150 |
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