Electrical Startup Cost Comparison
Irvine, CA vs Chicago, IL
Irvine, CA
$22,000 - $111,000
COL Index: 178.5
VS
Chicago, IL
$22,000 - $100,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Irvine, CA | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Electrical License
|
$2,800 - $11,100 | $5,600 - $10,900 | -16% |
|
Service Vehicle
|
$5,000 - $35,000 | $5,000 - $35,000 | Same |
|
Electrical Tools & Equipment
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Parts & Supplies Inventory
|
$1,000 - $5,000 | $1,000 - $5,000 | Same |
|
Business Insurance & Bonding (Annual)
|
$3,000 - $10,000 | $3,000 - $10,000 | Same |
|
Marketing & Lead Generation
|
$1,500 - $8,000 | $1,500 - $8,000 | Same |
|
Working Capital (3 Months)
|
$5,400 - $26,800 | $3,200 - $16,200 | +66% |
| Total Estimated Cost | $22,000 - $111,000 | $22,000 - $100,000 | +9% |
Local Market Factors
| Factor | Irvine | Chicago |
|---|---|---|
| Cost of Living Index | 178.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $30 - $60 | $25 - $65 |
| Labor Rate Index | 1.42 | 1.15 |
| Sales Tax | 7.75% | 10.25% |
| Minimum Wage | $16.00/hr | $15.80/hr |
| LLC Filing Fee | $70 | $150 |
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