Home Inspection Business Startup Cost Comparison
Roanoke, VA vs Chicago, IL
Roanoke, VA
$6,000 - $33,000
COL Index: 90.5
VS
Chicago, IL
$7,000 - $33,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Roanoke, VA | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$500 - $3,000 | $500 - $3,000 | Same |
|
Licensing & Training
|
$500 - $2,500 | $500 - $2,500 | Same |
|
Inspection Equipment
|
$1,500 - $8,000 | $1,500 - $8,000 | Same |
|
Inspection Reporting Software
|
$400 - $1,500 | $400 - $1,500 | Same |
|
Business Insurance (Annual)
|
$1,500 - $5,000 | $1,500 - $5,000 | Same |
|
Marketing & Website
|
$500 - $3,000 | $500 - $3,000 | Same |
|
Vehicle & Fuel (First Year)
|
$0 - $5,000 | $0 - $5,000 | Same |
|
Working Capital (3 Months)
|
$1,400 - $4,500 | $1,600 - $5,400 | -16% |
| Total Estimated Cost | $6,000 - $33,000 | $7,000 - $33,000 | -3% |
Local Market Factors
| Factor | Roanoke | Chicago |
|---|---|---|
| Cost of Living Index | 90.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $10 - $24 | $25 - $65 |
| Labor Rate Index | 0.85 | 1.15 |
| Sales Tax | 5.3% | 10.25% |
| Minimum Wage | $12.41/hr | $15.80/hr |
| LLC Filing Fee | $100 | $150 |
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