Masonry Business Startup Cost Comparison

Gary, IN vs Chicago, IL

Gary, IN

$18,000 - $92,000

COL Index: 81.5

VS

Chicago, IL

$23,000 - $103,000

COL Index: 107.8

Detailed Cost Comparison

Expense Gary, IN Chicago, IL Difference
Business Registration & Licenses
$700 - $3,500 $5,600 - $10,900 -75%
Masonry Tools & Equipment
$4,000 - $18,000 $4,000 - $18,000 Same
Scaffolding & Access Equipment
$2,000 - $10,000 $2,000 - $10,000 Same
Work Vehicle & Trailer
$5,000 - $30,000 $5,000 - $30,000 Same
Insurance & Liability
$2,500 - $10,000 $2,500 - $10,000 Same
Initial Materials & Supplies
$1,000 - $5,000 $1,000 - $5,000 Same
Marketing & Portfolio
$1,000 - $6,000 $1,000 - $6,000 Same
Working Capital (3 Months)
$1,600 - $9,800 $2,200 - $12,900 -25%
Total Estimated Cost $18,000 - $92,000 $23,000 - $103,000 -13%

Local Market Factors

Factor Gary Chicago
Cost of Living Index 81.5 107.8
Commercial Rent ($/sqft/yr) $7 - $18 $25 - $65
Labor Rate Index 0.75 1.15
Sales Tax 7% 10.25%
Minimum Wage $7.25/hr $15.80/hr
LLC Filing Fee $95 $150

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