Plant Nursery Startup Cost Comparison
Palm Bay, FL vs Chicago, IL
Palm Bay, FL
$25,000 - $151,000
COL Index: 96.5
VS
Chicago, IL
$37,000 - $207,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Palm Bay, FL | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,300 - $5,000 | $5,600 - $10,900 | -62% |
|
Land Lease or Property
|
$4,700 - $37,400 | $9,800 - $78,300 | -52% |
|
Initial Plant Inventory
|
$5,000 - $35,000 | $5,000 - $35,000 | Same |
|
Shade Houses, Hoop Houses & Retail Building
|
$4,500 - $27,000 | $5,800 - $34,500 | -22% |
|
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)
|
$4,800 - $19,300 | $5,400 - $21,600 | -11% |
| Total Estimated Cost | $25,000 - $151,000 | $37,000 - $207,000 | -28% |
Local Market Factors
| Factor | Palm Bay | Chicago |
|---|---|---|
| Cost of Living Index | 96.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $13 - $30 | $25 - $65 |
| Labor Rate Index | 0.9 | 1.15 |
| Sales Tax | 7.5% | 10.25% |
| Minimum Wage | $13.00/hr | $15.80/hr |
| LLC Filing Fee | $125 | $150 |
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