Microgreens Farm Startup Cost Comparison
Peoria, IL vs Los Angeles, CA
Peoria, IL
$3,000 - $21,000
COL Index: 85
VS
Los Angeles, CA
$3,000 - $22,000
COL Index: 166.5
Detailed Cost Comparison
| Expense | Peoria, IL | Los Angeles, CA | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$800 - $6,000 | $800 - $6,000 | Same |
|
Initial Supplies & Inventory
|
$300 - $2,300 | $300 - $2,300 | Same |
|
Business Insurance (Annual)
|
$500 - $3,000 | $500 - $3,000 | Same |
|
Marketing & Launch
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Working Capital (3 Months)
|
$300 - $1,300 | $500 - $2,500 | -47% |
| Total Estimated Cost | $3,000 - $21,000 | $3,000 - $22,000 | -4% |
Local Market Factors
| Factor | Peoria | Los Angeles |
|---|---|---|
| Cost of Living Index | 85 | 166.5 |
| Commercial Rent ($/sqft/yr) | $8 - $18 | $30 - $85 |
| Labor Rate Index | 0.85 | 1.35 |
| Sales Tax | 9.5% | 9.5% |
| Minimum Wage | $14.00/hr | $16.78/hr |
| LLC Filing Fee | $150 | $70 |
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