Lavender Farm Startup Cost Comparison
Fort Wayne, IN vs Chicago, IL
Fort Wayne, IN
$12,000 - $61,000
COL Index: 85.5
VS
Chicago, IL
$23,000 - $115,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Fort Wayne, IN | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$5,200 - $26,100 | $15,700 - $78,300 | -67% |
|
Initial Supplies & Inventory
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Business Insurance (Annual)
|
$500 - $3,000 | $500 - $3,000 | Same |
|
Marketing & Launch
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Working Capital (3 Months)
|
$2,600 - $8,600 | $3,200 - $10,800 | -20% |
| Total Estimated Cost | $12,000 - $61,000 | $23,000 - $115,000 | -47% |
Local Market Factors
| Factor | Fort Wayne | Chicago |
|---|---|---|
| Cost of Living Index | 85.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $10 - $20 | $25 - $65 |
| Labor Rate Index | 0.84 | 1.15 |
| Sales Tax | 7% | 10.25% |
| Minimum Wage | $7.25/hr | $15.80/hr |
| LLC Filing Fee | $95 | $150 |
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