Garage Door Business Startup Cost Comparison

Duluth, MN vs Chicago, IL

Duluth, MN

$7,000 - $37,000

COL Index: 93

VS

Chicago, IL

$12,000 - $63,000

COL Index: 107.8

Detailed Cost Comparison

Expense Duluth, MN Chicago, IL Difference
Business Registration & Licenses
$200 - $3,000 $200 - $3,000 Same
Space & Equipment
$2,800 - $13,900 $7,800 - $39,100 -64%
Initial Supplies & Inventory
$1,500 - $7,500 $1,500 - $7,500 Same
Business Insurance (Annual)
$500 - $3,000 $500 - $3,000 Same
Marketing & Launch
$500 - $5,000 $500 - $5,000 Same
Working Capital (3 Months)
$1,400 - $4,700 $1,600 - $5,400 -13%
Total Estimated Cost $7,000 - $37,000 $12,000 - $63,000 -41%

Local Market Factors

Factor Duluth Chicago
Cost of Living Index 93 107.8
Commercial Rent ($/sqft/yr) $10 - $22 $25 - $65
Labor Rate Index 0.9 1.15
Sales Tax 8.875% 10.25%
Minimum Wage $10.85/hr $15.80/hr
LLC Filing Fee $155 $150

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