Etsy Shop Startup Cost Comparison
Newark, NJ vs Chicago, IL
Newark, NJ
$11,000 - $58,000
COL Index: 115.2
VS
Chicago, IL
$6,000 - $17,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Newark, NJ | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration
|
$10,600 - $51,700 | $5,600 - $10,900 | +278% |
|
Etsy Shop Setup
|
$0 - $200 | $0 - $200 | Same |
|
Materials & Equipment
|
$100 - $2,000 | $100 - $2,000 | Same |
|
Product Photography
|
$100 - $500 | $100 - $500 | Same |
|
Packaging & Shipping Supplies
|
$100 - $500 | $100 - $500 | Same |
|
Marketing & Etsy Ads
|
$100 - $1,500 | $100 - $1,500 | Same |
|
Working Capital (2 Months)
|
$100 - $1,200 | $100 - $1,100 | +8% |
| Total Estimated Cost | $11,000 - $58,000 | $6,000 - $17,000 | +200% |
Local Market Factors
| Factor | Newark | Chicago |
|---|---|---|
| Cost of Living Index | 115.2 | 107.8 |
| Commercial Rent ($/sqft/yr) | $16 - $38 | $25 - $65 |
| Labor Rate Index | 1.14 | 1.15 |
| Sales Tax | 6.625% | 10.25% |
| Minimum Wage | $15.49/hr | $15.80/hr |
| LLC Filing Fee | $125 | $150 |
View Full Details
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