Law Firm Startup Cost Comparison
Sandy Springs, GA vs Chicago, IL
Sandy Springs, GA
$47,000 - $221,000
COL Index: 108.3
VS
Chicago, IL
$52,000 - $237,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Sandy Springs, GA | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Bar Requirements
|
$2,400 - $8,900 | $5,600 - $10,900 | -32% |
|
Bar Admission & Licensing
|
$2,000 - $6,000 | $2,000 - $6,000 | Same |
|
Office Lease (First + Last + Security)
|
$9,700 - $57,900 | $11,700 - $70,400 | -18% |
|
Office Build-Out & Furnishing
|
$5,500 - $33,000 | $5,800 - $34,500 | -4% |
|
Technology & Equipment
|
$5,000 - $20,000 | $5,000 - $20,000 | Same |
|
Professional Liability Insurance (Annual)
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Marketing & Client Development
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Working Capital (3-6 Months)
|
$16,200 - $65,000 | $16,200 - $64,700 | Same |
| Total Estimated Cost | $47,000 - $221,000 | $52,000 - $237,000 | -7% |
Local Market Factors
| Factor | Sandy Springs | Chicago |
|---|---|---|
| Cost of Living Index | 108.3 | 107.8 |
| Commercial Rent ($/sqft/yr) | $22 - $52 | $25 - $65 |
| Labor Rate Index | 1.1 | 1.15 |
| Sales Tax | 8.9% | 10.25% |
| Minimum Wage | $7.25/hr | $15.80/hr |
| LLC Filing Fee | $100 | $150 |
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