Mini Golf Course Startup Cost Comparison
Albany, NY vs Chicago, IL
Albany, NY
$73,000 - $405,000
COL Index: 93.6
VS
Chicago, IL
$108,000 - $643,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Albany, NY | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$500 - $3,000 | $500 - $3,000 | Same |
|
Land or Facility
|
$13,900 - $104,300 | $39,100 - $293,500 | -64% |
|
Course Design & Construction
|
$37,600 - $188,000 | $46,000 - $230,000 | -18% |
|
Equipment & Supplies
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Business Insurance (Annual)
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Concessions & Add-Ons
|
$5,000 - $30,000 | $5,000 - $30,000 | Same |
|
Marketing & Grand Opening
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Working Capital (3 Months)
|
$9,400 - $46,800 | $10,800 - $53,900 | -13% |
| Total Estimated Cost | $73,000 - $405,000 | $108,000 - $643,000 | -36% |
Local Market Factors
| Factor | Albany | Chicago |
|---|---|---|
| Cost of Living Index | 93.6 | 107.8 |
| Commercial Rent ($/sqft/yr) | $10 - $22 | $25 - $65 |
| Labor Rate Index | 0.94 | 1.15 |
| Sales Tax | 8% | 10.25% |
| Minimum Wage | $15.00/hr | $15.80/hr |
| LLC Filing Fee | $200 | $150 |
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