Moving Company Startup Cost Comparison
Peoria, IL vs Chicago, IL
Peoria, IL
$25,000 - $128,000
COL Index: 85
VS
Chicago, IL
$31,000 - $140,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Peoria, IL | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Moving Licenses
|
$700 - $5,000 | $5,600 - $10,900 | -65% |
|
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)
|
$4,300 - $21,300 | $5,400 - $27,000 | -21% |
| Total Estimated Cost | $25,000 - $128,000 | $31,000 - $140,000 | -11% |
Local Market Factors
| Factor | Peoria | Chicago |
|---|---|---|
| Cost of Living Index | 85 | 107.8 |
| Commercial Rent ($/sqft/yr) | $8 - $18 | $25 - $65 |
| Labor Rate Index | 0.85 | 1.15 |
| Sales Tax | 9.5% | 10.25% |
| Minimum Wage | $14.00/hr | $15.80/hr |
| LLC Filing Fee | $150 | $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