Handyman Startup Cost Comparison
Chicago, IL vs New York, NY
Chicago, IL
$13,000 - $53,000
COL Index: 107.8
VS
New York, NY
$15,000 - $66,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Chicago, IL | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$5,600 - $10,900 | $5,300 - $17,100 | -26% |
|
Work Vehicle
|
$2,000 - $15,000 | $2,000 - $15,000 | Same |
|
Tools & Equipment
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Common Supplies & Hardware
|
$300 - $1,500 | $300 - $1,500 | Same |
|
Business Insurance (Annual)
|
$800 - $3,000 | $800 - $3,000 | Same |
|
Marketing & Lead Generation
|
$500 - $4,000 | $500 - $4,000 | Same |
|
Working Capital (3 Months)
|
$2,200 - $8,600 | $3,700 - $15,000 | -42% |
| Total Estimated Cost | $13,000 - $53,000 | $15,000 - $66,000 | -19% |
Local Market Factors
| Factor | Chicago | New York |
|---|---|---|
| Cost of Living Index | 107.8 | 187.2 |
| Commercial Rent ($/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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