Pet Boarding Facility Startup Cost Comparison
Carmel, IN vs Chicago, IL
Carmel, IN
$51,000 - $470,000
COL Index: 106.5
VS
Chicago, IL
$69,000 - $642,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Carmel, IN | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,400 - $5,100 | $5,600 - $10,900 | -61% |
|
Facility & Kennel Build-Out
|
$26,100 - $326,100 | $39,100 - $489,100 | -33% |
|
Kennels, Crates & Equipment
|
$5,000 - $40,000 | $5,000 - $40,000 | Same |
|
Business Insurance (Annual)
|
$3,000 - $12,000 | $3,000 - $12,000 | Same |
|
Initial Staff & Training
|
$3,100 - $15,300 | $3,500 - $17,300 | -12% |
|
Marketing & Launch
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Working Capital (3 Months)
|
$10,700 - $63,900 | $10,800 - $64,700 | -1% |
| Total Estimated Cost | $51,000 - $470,000 | $69,000 - $642,000 | -27% |
Local Market Factors
| Factor | Carmel | Chicago |
|---|---|---|
| Cost of Living Index | 106.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $18 - $42 | $25 - $65 |
| Labor Rate Index | 1.02 | 1.15 |
| Sales Tax | 7% | 10.25% |
| Minimum Wage | $7.25/hr | $15.80/hr |
| LLC Filing Fee | $95 | $150 |
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