Juice Bar Startup Cost Comparison
Chicago, IL vs New York, NY
Chicago, IL
$48,000 - $214,000
COL Index: 107.8
VS
New York, NY
$63,000 - $291,000
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% |
|
Commercial Lease (First + Last + Security)
|
$8,800 - $41,100 | $15,700 - $73,000 | -44% |
|
Juicing & Blending Equipment
|
$10,000 - $50,000 | $10,000 - $50,000 | Same |
|
Initial Produce & Supplies
|
$2,000 - $6,000 | $2,000 - $6,000 | Same |
|
Interior Build-Out & Design
|
$9,200 - $63,300 | $11,600 - $79,800 | -21% |
|
Business Insurance (Annual)
|
$1,500 - $4,500 | $1,500 - $4,500 | Same |
|
Marketing & Launch
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Working Capital (3 Months)
|
$8,600 - $30,200 | $15,000 - $52,400 | -42% |
| Total Estimated Cost | $48,000 - $214,000 | $63,000 - $291,000 | -26% |
Local Market Factors
| Factor | Chicago | New York |
|---|---|---|
| Cost of Living Index | 107.8 | 187.2 |
| Commercial Rent ($/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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