HVAC Startup Cost Comparison
Chicago, IL vs New York, NY
Chicago, IL
$31,000 - $140,000
COL Index: 107.8
VS
New York, NY
$35,000 - $166,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Chicago, IL | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & HVAC License
|
$5,600 - $10,900 | $5,300 - $17,100 | -26% |
|
Service Vehicle(s)
|
$8,000 - $45,000 | $8,000 - $45,000 | Same |
|
HVAC Tools & Diagnostic Equipment
|
$5,000 - $25,000 | $5,000 - $25,000 | Same |
|
Parts & Refrigerant Inventory
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Business Insurance & Bonding (Annual)
|
$3,000 - $12,000 | $3,000 - $12,000 | Same |
|
Marketing & Lead Generation
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Working Capital (3 Months)
|
$5,400 - $27,000 | $9,400 - $46,800 | -42% |
| Total Estimated Cost | $31,000 - $140,000 | $35,000 - $166,000 | -15% |
Local Market Factors
| Factor | Chicago | New York |
|---|---|---|
| Cost of Living Index | 107.8 | 187.2 |
| Commercial Rent ($/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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