Ice Cream Shop Startup Cost Comparison
Springfield, MA vs Chicago, IL
Springfield, MA
$49,000 - $256,000
COL Index: 96.8
VS
Chicago, IL
$61,000 - $309,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Springfield, MA | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$2,400 - $11,300 | $5,600 - $10,900 | -17% |
|
Commercial Lease (First + Last + Security)
|
$3,500 - $18,800 | $9,800 - $52,800 | -64% |
|
Ice Cream Equipment & Fixtures
|
$20,000 - $100,000 | $20,000 - $100,000 | Same |
|
Initial Ingredients & Supplies
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Interior Build-Out & Design
|
$9,500 - $76,000 | $11,500 - $92,000 | -17% |
|
Business Insurance (Annual)
|
$1,500 - $5,000 | $1,500 - $5,000 | Same |
|
Marketing & Grand Opening
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Working Capital (3 Months)
|
$7,700 - $29,000 | $8,600 - $32,300 | -10% |
| Total Estimated Cost | $49,000 - $256,000 | $61,000 - $309,000 | -18% |
Local Market Factors
| Factor | Springfield | Chicago |
|---|---|---|
| Cost of Living Index | 96.8 | 107.8 |
| Commercial Rent ($/sqft/yr) | $10 - $22 | $25 - $65 |
| Labor Rate Index | 0.95 | 1.15 |
| Sales Tax | 6.25% | 10.25% |
| Minimum Wage | $15.00/hr | $15.80/hr |
| LLC Filing Fee | $500 | $150 |
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