Nail Salon Startup Cost Comparison
Chicago, IL vs Miami, FL
Chicago, IL
$43,000 - $165,000
COL Index: 107.8
VS
Miami, FL
$42,000 - $167,000
COL Index: 128.3
Detailed Cost Comparison
| Expense | Chicago, IL | Miami, FL | Difference |
|---|---|---|---|
|
Business Registration & Cosmetology License
|
$5,600 - $10,900 | $2,600 - $9,500 | +36% |
|
Commercial Lease (First + Last + Security)
|
$7,000 - $35,200 | $7,000 - $35,200 | Same |
|
Nail Stations & Equipment
|
$8,000 - $35,000 | $8,000 - $35,000 | Same |
|
Initial Products & Supplies
|
$2,000 - $6,000 | $2,000 - $6,000 | Same |
|
Interior Build-Out & Renovation
|
$9,200 - $40,300 | $8,600 - $37,800 | +7% |
|
Business Insurance (Annual)
|
$1,500 - $5,000 | $1,500 - $5,000 | Same |
|
Marketing & Grand Opening
|
$1,500 - $6,000 | $1,500 - $6,000 | Same |
|
Working Capital (3 Months)
|
$8,600 - $27,000 | $10,300 - $32,100 | -16% |
| Total Estimated Cost | $43,000 - $165,000 | $42,000 - $167,000 | Same |
Local Market Factors
| Factor | Chicago | Miami |
|---|---|---|
| Cost of Living Index | 107.8 | 128.3 |
| Commercial Rent ($/sqft/yr) | $25 - $65 | $25 - $65 |
| Labor Rate Index | 1.15 | 1.08 |
| Sales Tax | 10.25% | 7% |
| Minimum Wage | $15.80/hr | $13.00/hr |
| LLC Filing Fee | $150 | $125 |
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