Music School Startup Cost Comparison

Pomona, CA vs Chicago, IL

Pomona, CA

$27,000 - $131,000

COL Index: 117.8

VS

Chicago, IL

$34,000 - $153,000

COL Index: 107.8

Detailed Cost Comparison

Expense Pomona, CA Chicago, IL Difference
Business Registration & Licenses
$2,600 - $9,700 $5,600 - $10,900 -25%
Studio Lease (First + Last + Security)
$4,000 - $22,000 $7,800 - $43,000 -49%
Soundproofing & Studio Build-Out
$5,300 - $26,300 $5,800 - $28,800 -9%
Musical Instruments & Equipment
$5,000 - $25,000 $5,000 - $25,000 Same
Technology & Software
$1,000 - $5,000 $1,000 - $5,000 Same
Business Insurance (Annual)
$1,500 - $5,000 $1,500 - $5,000 Same
Marketing & Student Recruitment
$2,000 - $8,000 $2,000 - $8,000 Same
Working Capital (3 Months)
$5,900 - $29,500 $5,400 - $27,000 +9%
Total Estimated Cost $27,000 - $131,000 $34,000 - $153,000 -16%

Local Market Factors

Factor Pomona Chicago
Cost of Living Index 117.8 107.8
Commercial Rent ($/sqft/yr) $16 - $30 $25 - $65
Labor Rate Index 1.05 1.15
Sales Tax 10.25% 10.25%
Minimum Wage $16.00/hr $15.80/hr
LLC Filing Fee $70 $150

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