Pet Boarding Facility Startup Cost Comparison
Lorain, OH vs Chicago, IL
Lorain, OH
$34,000 - $279,000
COL Index: 84.5
VS
Chicago, IL
$69,000 - $642,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Lorain, OH | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$700 - $4,000 | $5,600 - $10,900 | -72% |
|
Facility & Kennel Build-Out
|
$12,200 - $152,200 | $39,100 - $489,100 | -69% |
|
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
|
$2,300 - $11,700 | $3,500 - $17,300 | -33% |
|
Marketing & Launch
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Working Capital (3 Months)
|
$8,500 - $50,700 | $10,800 - $64,700 | -22% |
| Total Estimated Cost | $34,000 - $279,000 | $69,000 - $642,000 | -56% |
Local Market Factors
| Factor | Lorain | Chicago |
|---|---|---|
| Cost of Living Index | 84.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $8 - $20 | $25 - $65 |
| Labor Rate Index | 0.78 | 1.15 |
| Sales Tax | 7.75% | 10.25% |
| Minimum Wage | $10.45/hr | $15.80/hr |
| LLC Filing Fee | $99 | $150 |
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