Pawn Shop Startup Cost Comparison
Chesapeake, VA vs Houston, TX
Chesapeake, VA
$37,000 - $146,000
COL Index: 101.5
VS
Houston, TX
$43,000 - $171,000
COL Index: 96.5
Detailed Cost Comparison
| Expense | Chesapeake, VA | Houston, TX | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$20,900 - $83,500 | $27,400 - $109,600 | -24% |
|
Initial Supplies & Inventory
|
$7,500 - $30,000 | $7,500 - $30,000 | Same |
|
Business Insurance (Annual)
|
$500 - $4,000 | $500 - $4,000 | Same |
|
Marketing & Launch
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Working Capital (3 Months)
|
$7,600 - $20,300 | $7,200 - $19,300 | +5% |
| Total Estimated Cost | $37,000 - $146,000 | $43,000 - $171,000 | -14% |
Local Market Factors
| Factor | Chesapeake | Houston |
|---|---|---|
| Cost of Living Index | 101.5 | 96.5 |
| Commercial Rent ($/sqft/yr) | $14 - $34 | $18 - $45 |
| Labor Rate Index | 0.95 | 0.92 |
| Sales Tax | 6% | 8.25% |
| Minimum Wage | $12.41/hr | $7.25/hr |
| LLC Filing Fee | $100 | $300 |
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