Gas Station Startup Cost Comparison
Albuquerque, NM vs Chicago, IL
Albuquerque, NM
$161,000 - $1,230,000
COL Index: 93.2
VS
Chicago, IL
$275,000 - $2,129,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Albuquerque, NM | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$87,000 - $695,700 | $195,700 - $1,565,200 | -56% |
|
Initial Supplies & Inventory
|
$37,500 - $300,000 | $37,500 - $300,000 | Same |
|
Business Insurance (Annual)
|
$500 - $40,000 | $500 - $40,000 | Same |
|
Marketing & Launch
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Working Capital (3 Months)
|
$35,000 - $186,400 | $40,400 - $215,600 | -14% |
| Total Estimated Cost | $161,000 - $1,230,000 | $275,000 - $2,129,000 | -42% |
Local Market Factors
| Factor | Albuquerque | Chicago |
|---|---|---|
| Cost of Living Index | 93.2 | 107.8 |
| Commercial Rent ($/sqft/yr) | $12 - $28 | $25 - $65 |
| Labor Rate Index | 0.85 | 1.15 |
| Sales Tax | 7.875% | 10.25% |
| Minimum Wage | $14.00/hr | $15.80/hr |
| LLC Filing Fee | $50 | $150 |
View Full Details
Ready to Start Your Gas Station?
Start your Gas Station LLC in — free registered agent for 1 year.
Form Your LLC for $0 + State Fee →Trusted by 500,000+ businesses · Excellent rating on Trustpilot