Escape Room Startup Cost Comparison

Santa Fe, NM vs Chicago, IL

Santa Fe, NM

$50,000 - $326,000

COL Index: 112.5

VS

Chicago, IL

$64,000 - $418,000

COL Index: 107.8

Detailed Cost Comparison

Expense Santa Fe, NM Chicago, IL Difference
Business Registration & Licenses
$500 - $3,000 $500 - $3,000 Same
Commercial Lease & Build-Out
$17,600 - $117,400 $29,300 - $195,700 -40%
Room Design & Construction
$15,300 - $122,400 $17,300 - $138,000 -11%
Technology & Booking System
$3,000 - $15,000 $3,000 - $15,000 Same
Business Insurance (Annual)
$2,000 - $8,000 $2,000 - $8,000 Same
Marketing & Launch
$3,000 - $15,000 $3,000 - $15,000 Same
Working Capital (3 Months)
$9,000 - $45,000 $8,600 - $43,100 +4%
Total Estimated Cost $50,000 - $326,000 $64,000 - $418,000 -22%

Local Market Factors

Factor Santa Fe Chicago
Cost of Living Index 112.5 107.8
Commercial Rent ($/sqft/yr) $16 - $38 $25 - $65
Labor Rate Index 1.02 1.15
Sales Tax 8.4375% 10.25%
Minimum Wage $14.60/hr $15.80/hr
LLC Filing Fee $50 $150

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