Med Spa Startup Cost Comparison

San Diego, CA vs Chicago, IL

San Diego, CA

$244,000 - $725,000

COL Index: 160.2

VS

Chicago, IL

$220,000 - $643,000

COL Index: 107.8

Detailed Cost Comparison

Expense San Diego, CA Chicago, IL Difference
Business Registration & Medical Licensing
$4,000 - $17,700 $5,600 - $10,900 +32%
Commercial Lease (First + Last + Security)
$26,900 - $117,600 $23,500 - $102,700 +15%
Medical & Aesthetic Equipment
$80,000 - $200,000 $80,000 - $200,000 Same
Initial Injectable & Product Inventory
$15,000 - $50,000 $15,000 - $50,000 Same
Medical Build-Out & Compliance
$52,000 - $156,000 $46,000 - $138,000 +13%
Business & Medical Malpractice Insurance
$8,000 - $25,000 $8,000 - $25,000 Same
Marketing & Patient Acquisition
$10,000 - $30,000 $10,000 - $30,000 Same
Working Capital (3 Months)
$48,100 - $128,200 $32,300 - $86,200 +49%
Total Estimated Cost $244,000 - $725,000 $220,000 - $643,000 +12%

Local Market Factors

Factor San Diego Chicago
Cost of Living Index 160.2 107.8
Commercial Rent ($/sqft/yr) $28 - $75 $25 - $65
Labor Rate Index 1.3 1.15
Sales Tax 7.75% 10.25%
Minimum Wage $16.85/hr $15.80/hr
LLC Filing Fee $70 $150

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