Gas Station Startup Cost Comparison
Indianapolis, IN vs Chicago, IL
Indianapolis, IN
$171,000 - $1,313,000
COL Index: 91.2
VS
Chicago, IL
$275,000 - $2,129,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Indianapolis, IN | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$97,800 - $782,600 | $195,700 - $1,565,200 | -50% |
|
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)
|
$34,200 - $182,400 | $40,400 - $215,600 | -15% |
| Total Estimated Cost | $171,000 - $1,313,000 | $275,000 - $2,129,000 | -38% |
Local Market Factors
| Factor | Indianapolis | Chicago |
|---|---|---|
| Cost of Living Index | 91.2 | 107.8 |
| Commercial Rent ($/sqft/yr) | $13 - $32 | $25 - $65 |
| Labor Rate Index | 0.9 | 1.15 |
| Sales Tax | 7% | 10.25% |
| Minimum Wage | $7.25/hr | $15.80/hr |
| LLC Filing Fee | $95 | $150 |
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