Plant Nursery Startup Cost Comparison
Honolulu, HI vs Chicago, IL
Honolulu, HI
$40,000 - $241,000
COL Index: 192.5
VS
Chicago, IL
$37,000 - $207,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Honolulu, HI | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$2,600 - $9,700 | $5,600 - $10,900 | -25% |
|
Land Lease or Property
|
$11,400 - $91,300 | $9,800 - $78,300 | +17% |
|
Initial Plant Inventory
|
$5,000 - $35,000 | $5,000 - $35,000 | Same |
|
Shade Houses, Hoop Houses & Retail Building
|
$6,500 - $39,000 | $5,800 - $34,500 | +13% |
|
Irrigation System
|
$2,000 - $12,000 | $2,000 - $12,000 | Same |
|
Equipment & Supplies
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Marketing & Signage
|
$1,000 - $5,000 | $1,000 - $5,000 | Same |
|
Working Capital (3 Months)
|
$9,600 - $38,500 | $5,400 - $21,600 | +78% |
| Total Estimated Cost | $40,000 - $241,000 | $37,000 - $207,000 | +15% |
Local Market Factors
| Factor | Honolulu | Chicago |
|---|---|---|
| Cost of Living Index | 192.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $30 - $75 | $25 - $65 |
| Labor Rate Index | 1.3 | 1.15 |
| Sales Tax | 4.5% | 10.25% |
| Minimum Wage | $14.00/hr | $15.80/hr |
| LLC Filing Fee | $50 | $150 |
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