Moving Company Startup Cost Comparison
Newark, NJ vs Chicago, IL
Newark, NJ
$36,000 - $183,000
COL Index: 115.2
VS
Chicago, IL
$31,000 - $140,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Newark, NJ | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Moving Licenses
|
$10,600 - $51,700 | $5,600 - $10,900 | +278% |
|
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)
|
$5,800 - $28,800 | $5,400 - $27,000 | +7% |
| Total Estimated Cost | $36,000 - $183,000 | $31,000 - $140,000 | +28% |
Local Market Factors
| Factor | Newark | Chicago |
|---|---|---|
| Cost of Living Index | 115.2 | 107.8 |
| Commercial Rent ($/sqft/yr) | $16 - $38 | $25 - $65 |
| Labor Rate Index | 1.14 | 1.15 |
| Sales Tax | 6.625% | 10.25% |
| Minimum Wage | $15.49/hr | $15.80/hr |
| LLC Filing Fee | $125 | $150 |
View Full Details
Ready to Start Your Moving Company?
Start your Moving Company LLC in — free registered agent for 1 year.
Form Your LLC for $0 + State Fee →Trusted by 500,000+ businesses · Excellent rating on Trustpilot