Notary Business Startup Cost Comparison
Henderson, NV vs Chicago, IL
Henderson, NV
$2,000 - $14,000
COL Index: 107.5
VS
Chicago, IL
$2,000 - $14,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Henderson, NV | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$400 - $2,000 | $400 - $2,000 | Same |
|
Initial Supplies & Inventory
|
$200 - $800 | $200 - $800 | Same |
|
Business Insurance (Annual)
|
$500 - $3,000 | $500 - $3,000 | Same |
|
Marketing & Launch
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Working Capital (3 Months)
|
$200 - $500 | $200 - $500 | Same |
| Total Estimated Cost | $2,000 - $14,000 | $2,000 - $14,000 | Same |
Local Market Factors
| Factor | Henderson | Chicago |
|---|---|---|
| Cost of Living Index | 107.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $16 - $38 | $25 - $65 |
| Labor Rate Index | 1.02 | 1.15 |
| Sales Tax | 8.375% | 10.25% |
| Minimum Wage | $12.00/hr | $15.80/hr |
| LLC Filing Fee | $425 | $150 |
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