Mini Golf Course Startup Cost Comparison
Rapid City, SD vs Chicago, IL
Rapid City, SD
$75,000 - $420,000
COL Index: 94.5
VS
Chicago, IL
$108,000 - $643,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Rapid City, SD | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$500 - $3,000 | $500 - $3,000 | Same |
|
Land or Facility
|
$17,400 - $130,400 | $39,100 - $293,500 | -56% |
|
Course Design & Construction
|
$35,200 - $176,000 | $46,000 - $230,000 | -23% |
|
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)
|
$9,500 - $47,300 | $10,800 - $53,900 | -12% |
| Total Estimated Cost | $75,000 - $420,000 | $108,000 - $643,000 | -34% |
Local Market Factors
| Factor | Rapid City | Chicago |
|---|---|---|
| Cost of Living Index | 94.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $12 - $28 | $25 - $65 |
| Labor Rate Index | 0.88 | 1.15 |
| Sales Tax | 6.5% | 10.25% |
| Minimum Wage | $11.20/hr | $15.80/hr |
| LLC Filing Fee | $150 | $150 |
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