Gas Station Startup Cost Comparison
Chicago, IL vs New York, NY
Chicago, IL
$275,000 - $2,129,000
COL Index: 107.8
VS
New York, NY
$457,000 - $3,505,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Chicago, IL | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$195,700 - $1,565,200 | $347,800 - $2,782,600 | -44% |
|
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)
|
$40,400 - $215,600 | $70,200 - $374,400 | -42% |
| Total Estimated Cost | $275,000 - $2,129,000 | $457,000 - $3,505,000 | -39% |
Local Market Factors
| Factor | Chicago | New York |
|---|---|---|
| Cost of Living Index | 107.8 | 187.2 |
| Commercial Rent ($/sqft/yr) | $25 - $65 | $40 - $120 |
| Labor Rate Index | 1.15 | 1.45 |
| Sales Tax | 10.25% | 8.875% |
| Minimum Wage | $15.80/hr | $16.00/hr |
| LLC Filing Fee | $150 | $200 |
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