Pet Boarding Facility Startup Cost Comparison
Memphis, TN vs Chicago, IL
Memphis, TN
$40,000 - $347,000
COL Index: 87.6
VS
Chicago, IL
$69,000 - $642,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Memphis, TN | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,300 - $4,400 | $5,600 - $10,900 | -65% |
|
Facility & Kennel Build-Out
|
$17,400 - $217,400 | $39,100 - $489,100 | -56% |
|
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
|
$2,600 - $12,800 | $3,500 - $17,300 | -26% |
|
Marketing & Launch
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Working Capital (3 Months)
|
$8,800 - $52,600 | $10,800 - $64,700 | -19% |
| Total Estimated Cost | $40,000 - $347,000 | $69,000 - $642,000 | -46% |
Local Market Factors
| Factor | Memphis | Chicago |
|---|---|---|
| Cost of Living Index | 87.6 | 107.8 |
| Commercial Rent ($/sqft/yr) | $12 - $28 | $25 - $65 |
| Labor Rate Index | 0.85 | 1.15 |
| Sales Tax | 9.75% | 10.25% |
| Minimum Wage | $7.25/hr | $15.80/hr |
| LLC Filing Fee | $300 | $150 |
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