Handyman Startup Cost Comparison
Warren, MI vs Chicago, IL
Warren, MI
$8,000 - $45,000
COL Index: 91.5
VS
Chicago, IL
$13,000 - $53,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Warren, MI | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$800 - $3,900 | $5,600 - $10,900 | -72% |
|
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)
|
$1,800 - $7,300 | $2,200 - $8,600 | -16% |
| Total Estimated Cost | $8,000 - $45,000 | $13,000 - $53,000 | -20% |
Local Market Factors
| Factor | Warren | Chicago |
|---|---|---|
| Cost of Living Index | 91.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $11 - $26 | $25 - $65 |
| Labor Rate Index | 0.87 | 1.15 |
| Sales Tax | 6% | 10.25% |
| Minimum Wage | $10.33/hr | $15.80/hr |
| LLC Filing Fee | $50 | $150 |
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