Pet Boarding Facility Startup Cost Comparison
Denver, CO vs Chicago, IL
Denver, CO
$61,000 - $577,000
COL Index: 118.5
VS
Chicago, IL
$69,000 - $642,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Denver, CO | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$2,100 - $9,200 | $5,600 - $10,900 | -32% |
|
Facility & Kennel Build-Out
|
$33,500 - $418,500 | $39,100 - $489,100 | -14% |
|
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
|
$3,500 - $17,700 | $3,500 - $17,300 | +2% |
|
Marketing & Launch
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Working Capital (3 Months)
|
$11,900 - $71,100 | $10,800 - $64,700 | +10% |
| Total Estimated Cost | $61,000 - $577,000 | $69,000 - $642,000 | -10% |
Local Market Factors
| Factor | Denver | Chicago |
|---|---|---|
| Cost of Living Index | 118.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $22 - $55 | $25 - $65 |
| Labor Rate Index | 1.18 | 1.15 |
| Sales Tax | 8.81% | 10.25% |
| Minimum Wage | $18.29/hr | $15.80/hr |
| LLC Filing Fee | $50 | $150 |
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