Plant Nursery Startup Cost Comparison
Salt Lake City, UT vs Chicago, IL
Salt Lake City, UT
$28,000 - $169,000
COL Index: 107.5
VS
Chicago, IL
$37,000 - $207,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Salt Lake City, UT | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,400 - $6,100 | $5,600 - $10,900 | -55% |
|
Land Lease or Property
|
$6,100 - $48,700 | $9,800 - $78,300 | -38% |
|
Initial Plant Inventory
|
$5,000 - $35,000 | $5,000 - $35,000 | Same |
|
Shade Houses, Hoop Houses & Retail Building
|
$5,100 - $30,600 | $5,800 - $34,500 | -11% |
|
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)
|
$5,400 - $21,500 | $5,400 - $21,600 | Same |
| Total Estimated Cost | $28,000 - $169,000 | $37,000 - $207,000 | -19% |
Local Market Factors
| Factor | Salt Lake City | Chicago |
|---|---|---|
| Cost of Living Index | 107.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $16 - $40 | $25 - $65 |
| Labor Rate Index | 1.02 | 1.15 |
| Sales Tax | 7.75% | 10.25% |
| Minimum Wage | $7.25/hr | $15.80/hr |
| LLC Filing Fee | $54 | $150 |
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