Gym Startup Cost Comparison
North Las Vegas, NV vs Chicago, IL
North Las Vegas, NV
$79,000 - $388,000
COL Index: 100.2
VS
Chicago, IL
$101,000 - $494,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | North Las Vegas, NV | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,600 - $6,700 | $5,600 - $10,900 | -50% |
|
Commercial Lease (First + Last + Security)
|
$10,400 - $62,600 | $23,500 - $140,900 | -56% |
|
Fitness Equipment
|
$30,000 - $150,000 | $30,000 - $150,000 | Same |
|
Interior Build-Out & Renovation
|
$13,800 - $73,600 | $17,300 - $92,000 | -20% |
|
Business Insurance (Annual)
|
$3,000 - $10,000 | $3,000 - $10,000 | Same |
|
Technology & Software
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Marketing & Pre-Sale Campaign
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Working Capital (3 Months)
|
$15,000 - $60,100 | $16,200 - $64,700 | -7% |
| Total Estimated Cost | $79,000 - $388,000 | $101,000 - $494,000 | -22% |
Local Market Factors
| Factor | North Las Vegas | Chicago |
|---|---|---|
| Cost of Living Index | 100.2 | 107.8 |
| Commercial Rent ($/sqft/yr) | $12 - $28 | $25 - $65 |
| Labor Rate Index | 0.92 | 1.15 |
| Sales Tax | 8.375% | 10.25% |
| Minimum Wage | $12.00/hr | $15.80/hr |
| LLC Filing Fee | $425 | $150 |
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