Grocery Store Startup Cost Comparison
El Paso, TX vs Chicago, IL
El Paso, TX
$89,000 - $1,138,000
COL Index: 86.2
VS
Chicago, IL
$135,000 - $1,797,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | El Paso, TX | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Permits
|
$1,800 - $10,000 | $5,600 - $10,900 | -28% |
|
Store Lease & Build-Out
|
$22,800 - $380,400 | $58,700 - $978,300 | -61% |
|
Refrigeration & Store Equipment
|
$20,000 - $300,000 | $20,000 - $300,000 | Same |
|
Initial Inventory
|
$15,000 - $200,000 | $15,000 - $200,000 | Same |
|
Business Insurance (Annual)
|
$5,000 - $20,000 | $5,000 - $20,000 | Same |
|
Initial Staffing
|
$4,000 - $40,000 | $5,800 - $57,500 | -30% |
|
Marketing & Grand Opening
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Working Capital (3 Months)
|
$17,200 - $172,400 | $21,600 - $215,600 | -20% |
| Total Estimated Cost | $89,000 - $1,138,000 | $135,000 - $1,797,000 | -36% |
Local Market Factors
| Factor | El Paso | Chicago |
|---|---|---|
| Cost of Living Index | 86.2 | 107.8 |
| Commercial Rent ($/sqft/yr) | $10 - $25 | $25 - $65 |
| Labor Rate Index | 0.8 | 1.15 |
| Sales Tax | 8.25% | 10.25% |
| Minimum Wage | $7.25/hr | $15.80/hr |
| LLC Filing Fee | $300 | $150 |
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