Moving Company Startup Cost Comparison
Meridian, ID vs Chicago, IL
Meridian, ID
$27,000 - $134,000
COL Index: 105.6
VS
Chicago, IL
$31,000 - $140,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Meridian, ID | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Moving Licenses
|
$1,300 - $5,500 | $5,600 - $10,900 | -59% |
|
Moving Trucks
|
$10,000 - $60,000 | $10,000 - $60,000 | Same |
|
Moving Equipment & Supplies
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Packing Supplies Inventory
|
$1,000 - $4,000 | $1,000 - $4,000 | Same |
|
Business & Cargo Insurance (Annual)
|
$5,000 - $18,000 | $5,000 - $18,000 | Same |
|
Marketing & Lead Generation
|
$2,000 - $12,000 | $2,000 - $12,000 | Same |
|
Working Capital (3 Months)
|
$5,300 - $26,400 | $5,400 - $27,000 | -2% |
| Total Estimated Cost | $27,000 - $134,000 | $31,000 - $140,000 | -6% |
Local Market Factors
| Factor | Meridian | Chicago |
|---|---|---|
| Cost of Living Index | 105.6 | 107.8 |
| Commercial Rent ($/sqft/yr) | $14 - $28 | $25 - $65 |
| Labor Rate Index | 0.98 | 1.15 |
| Sales Tax | 6% | 10.25% |
| Minimum Wage | $7.25/hr | $15.80/hr |
| LLC Filing Fee | $100 | $150 |
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