Painting Startup Cost Comparison
Lakewood, CO vs Chicago, IL
Lakewood, CO
$10,000 - $55,000
COL Index: 112.5
VS
Chicago, IL
$14,000 - $60,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Lakewood, CO | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,400 - $6,100 | $5,600 - $10,900 | -55% |
|
Work Vehicle
|
$2,000 - $15,000 | $2,000 - $15,000 | Same |
|
Painting Equipment & Tools
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Initial Paint & Supplies
|
$500 - $3,000 | $500 - $3,000 | Same |
|
Business Insurance (Annual)
|
$1,000 - $5,000 | $1,000 - $5,000 | Same |
|
Marketing & Lead Generation
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Working Capital (3 Months)
|
$2,300 - $11,300 | $2,200 - $10,800 | +5% |
| Total Estimated Cost | $10,000 - $55,000 | $14,000 - $60,000 | -12% |
Local Market Factors
| Factor | Lakewood | Chicago |
|---|---|---|
| Cost of Living Index | 112.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $16 - $38 | $25 - $65 |
| Labor Rate Index | 1.08 | 1.15 |
| Sales Tax | 7.5% | 10.25% |
| Minimum Wage | $14.42/hr | $15.80/hr |
| LLC Filing Fee | $50 | $150 |
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