Lavender Farm Startup Cost Comparison
Greenville, SC vs Chicago, IL
Greenville, SC
$14,000 - $69,000
COL Index: 94.6
VS
Chicago, IL
$23,000 - $115,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Greenville, SC | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$6,600 - $33,000 | $15,700 - $78,300 | -58% |
|
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)
|
$2,800 - $9,500 | $3,200 - $10,800 | -12% |
| Total Estimated Cost | $14,000 - $69,000 | $23,000 - $115,000 | -40% |
Local Market Factors
| Factor | Greenville | Chicago |
|---|---|---|
| Cost of Living Index | 94.6 | 107.8 |
| Commercial Rent ($/sqft/yr) | $12 - $26 | $25 - $65 |
| Labor Rate Index | 0.93 | 1.15 |
| Sales Tax | 7% | 10.25% |
| Minimum Wage | $7.25/hr | $15.80/hr |
| LLC Filing Fee | $110 | $150 |
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