Martial Arts Studio Startup Cost Comparison
Toledo, OH vs Chicago, IL
Toledo, OH
$22,000 - $106,000
COL Index: 83.5
VS
Chicago, IL
$37,000 - $168,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Toledo, OH | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$700 - $3,200 | $5,600 - $10,900 | -76% |
|
Studio Lease (First + Last + Security)
|
$2,800 - $15,800 | $9,800 - $54,800 | -71% |
|
Studio Build-Out
|
$4,200 - $21,000 | $5,800 - $28,800 | -27% |
|
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)
|
$5,000 - $25,100 | $6,500 - $32,300 | -22% |
| Total Estimated Cost | $22,000 - $106,000 | $37,000 - $168,000 | -38% |
Local Market Factors
| Factor | Toledo | Chicago |
|---|---|---|
| Cost of Living Index | 83.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $8 - $18 | $25 - $65 |
| Labor Rate Index | 0.84 | 1.15 |
| Sales Tax | 7.25% | 10.25% |
| Minimum Wage | $10.45/hr | $15.80/hr |
| LLC Filing Fee | $99 | $150 |
View Full Details
Ready to Start Your Martial Arts Studio?
Start your Martial Arts Studio LLC in — free registered agent for 1 year.
Form Your LLC for $0 + State Fee →Trusted by 500,000+ businesses · Excellent rating on Trustpilot