Plant Nursery Startup Cost Comparison
Washington, DC vs Chicago, IL
Washington, DC
$40,000 - $242,000
COL Index: 148.7
VS
Chicago, IL
$37,000 - $207,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Washington, DC | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$3,800 - $12,300 | $5,600 - $10,900 | -2% |
|
Land Lease or Property
|
$12,000 - $95,700 | $9,800 - $78,300 | +22% |
|
Initial Plant Inventory
|
$5,000 - $35,000 | $5,000 - $35,000 | Same |
|
Shade Houses, Hoop Houses & Retail Building
|
$7,100 - $42,600 | $5,800 - $34,500 | +23% |
|
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)
|
$7,400 - $29,700 | $5,400 - $21,600 | +37% |
| Total Estimated Cost | $40,000 - $242,000 | $37,000 - $207,000 | +16% |
Local Market Factors
| Factor | Washington | Chicago |
|---|---|---|
| Cost of Living Index | 148.7 | 107.8 |
| Commercial Rent ($/sqft/yr) | $30 - $80 | $25 - $65 |
| Labor Rate Index | 1.42 | 1.15 |
| Sales Tax | 6% | 10.25% |
| Minimum Wage | $17.50/hr | $15.80/hr |
| LLC Filing Fee | $99 | $150 |
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