Martial Arts Studio Startup Cost Comparison
Hilo, HI vs Chicago, IL
Hilo, HI
$33,000 - $165,000
COL Index: 170.5
VS
Chicago, IL
$37,000 - $168,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Hilo, HI | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$2,000 - $8,500 | $5,600 - $10,900 | -36% |
|
Studio Lease (First + Last + Security)
|
$6,300 - $35,300 | $9,800 - $54,800 | -36% |
|
Studio Build-Out
|
$5,800 - $28,800 | $5,800 - $28,800 | Same |
|
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)
|
$10,200 - $51,200 | $6,500 - $32,300 | +58% |
| Total Estimated Cost | $33,000 - $165,000 | $37,000 - $168,000 | -3% |
Local Market Factors
| Factor | Hilo | Chicago |
|---|---|---|
| Cost of Living Index | 170.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $18 - $40 | $25 - $65 |
| Labor Rate Index | 1.15 | 1.15 |
| Sales Tax | 4.5% | 10.25% |
| Minimum Wage | $14.00/hr | $15.80/hr |
| LLC Filing Fee | $50 | $150 |
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