Martial Arts Studio Startup Cost Comparison
Charleston, WV vs Chicago, IL
Charleston, WV
$21,000 - $104,000
COL Index: 80.4
VS
Chicago, IL
$37,000 - $168,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Charleston, WV | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$700 - $3,800 | $5,600 - $10,900 | -73% |
|
Studio Lease (First + Last + Security)
|
$2,600 - $14,600 | $9,800 - $54,800 | -73% |
|
Studio Build-Out
|
$4,100 - $20,500 | $5,800 - $28,800 | -29% |
|
Training Equipment & Gear
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Uniform & Merchandise Inventory
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Business Insurance (Annual)
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Marketing & Student Recruitment
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Working Capital (3 Months)
|
$4,800 - $24,100 | $6,500 - $32,300 | -26% |
| Total Estimated Cost | $21,000 - $104,000 | $37,000 - $168,000 | -39% |
Local Market Factors
| Factor | Charleston | Chicago |
|---|---|---|
| Cost of Living Index | 80.4 | 107.8 |
| Commercial Rent ($/sqft/yr) | $8 - $16 | $25 - $65 |
| Labor Rate Index | 0.82 | 1.15 |
| Sales Tax | 7% | 10.25% |
| Minimum Wage | $8.75/hr | $15.80/hr |
| LLC Filing Fee | $100 | $150 |
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