Drone Business Startup Cost Comparison
Denver, CO vs Chicago, IL
Denver, CO
$6,000 - $44,000
COL Index: 118.5
VS
Chicago, IL
$9,000 - $45,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Denver, CO | Chicago, IL | Difference |
|---|---|---|---|
|
FAA Certification & Business License
|
$2,100 - $9,200 | $5,600 - $10,900 | -32% |
|
Drones & Camera Equipment
|
$1,500 - $20,000 | $1,500 - $20,000 | Same |
|
Software & Editing
|
$300 - $3,000 | $300 - $3,000 | Same |
|
Drone Insurance (Annual)
|
$500 - $3,000 | $500 - $3,000 | Same |
|
Marketing & Portfolio
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Working Capital (2 Months)
|
$600 - $3,600 | $500 - $3,200 | +14% |
| Total Estimated Cost | $6,000 - $44,000 | $9,000 - $45,000 | -7% |
Local Market Factors
| Factor | Denver | Chicago |
|---|---|---|
| Cost of Living Index | 118.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $22 - $55 | $25 - $65 |
| Labor Rate Index | 1.18 | 1.15 |
| Sales Tax | 8.81% | 10.25% |
| Minimum Wage | $18.29/hr | $15.80/hr |
| LLC Filing Fee | $50 | $150 |
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