Lavender Farm Startup Cost Comparison

Tacoma, WA vs Chicago, IL

Tacoma, WA

$17,000 - $85,000

COL Index: 118.5

VS

Chicago, IL

$23,000 - $115,000

COL Index: 107.8

Detailed Cost Comparison

Expense Tacoma, WA Chicago, IL Difference
Business Registration & Licenses
$200 - $3,000 $200 - $3,000 Same
Space & Equipment
$9,400 - $47,000 $15,700 - $78,300 -40%
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)
$3,600 - $11,900 $3,200 - $10,800 +11%
Total Estimated Cost $17,000 - $85,000 $23,000 - $115,000 -26%

Local Market Factors

Factor Tacoma Chicago
Cost of Living Index 118.5 107.8
Commercial Rent ($/sqft/yr) $16 - $38 $25 - $65
Labor Rate Index 1.1 1.15
Sales Tax 10.2% 10.25%
Minimum Wage $16.28/hr $15.80/hr
LLC Filing Fee $180 $150

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