Gift Shop Startup Cost Comparison
Davenport, IA vs Los Angeles, CA
Davenport, IA
$26,000 - $122,000
COL Index: 86.8
VS
Los Angeles, CA
$44,000 - $216,000
COL Index: 166.5
Detailed Cost Comparison
| Expense | Davenport, IA | Los Angeles, CA | Difference |
|---|---|---|---|
|
Business Registration & Permits
|
$700 - $3,200 | $4,000 - $14,400 | -79% |
|
Commercial Lease (First + Last + Security)
|
$2,400 - $18,200 | $9,000 - $67,500 | -73% |
|
Initial Inventory
|
$10,000 - $40,000 | $10,000 - $40,000 | Same |
|
Store Build-Out & Display
|
$4,000 - $24,000 | $6,800 - $40,500 | -41% |
|
POS System & E-Commerce
|
$1,000 - $5,000 | $1,000 - $5,000 | Same |
|
Business Insurance (Annual)
|
$1,200 - $4,000 | $1,200 - $4,000 | Same |
|
Marketing & Seasonal Promotion
|
$1,500 - $8,000 | $1,500 - $8,000 | Same |
|
Working Capital (3 Months)
|
$5,200 - $19,100 | $10,000 - $36,600 | -48% |
| Total Estimated Cost | $26,000 - $122,000 | $44,000 - $216,000 | -43% |
Local Market Factors
| Factor | Davenport | Los Angeles |
|---|---|---|
| Cost of Living Index | 86.8 | 166.5 |
| Commercial Rent ($/sqft/yr) | $9 - $22 | $30 - $85 |
| Labor Rate Index | 0.8 | 1.35 |
| Sales Tax | 7% | 9.5% |
| Minimum Wage | $7.25/hr | $16.78/hr |
| LLC Filing Fee | $50 | $70 |
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