Pet Boarding Facility Startup Cost Comparison
Newark, NJ vs Chicago, IL
Newark, NJ
$59,000 - $491,000
COL Index: 115.2
VS
Chicago, IL
$69,000 - $642,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Newark, NJ | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$10,600 - $51,700 | $5,600 - $10,900 | +278% |
|
Facility & Kennel Build-Out
|
$23,500 - $293,500 | $39,100 - $489,100 | -40% |
|
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
|
$3,400 - $17,100 | $3,500 - $17,300 | -1% |
|
Marketing & Launch
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Working Capital (3 Months)
|
$11,500 - $69,100 | $10,800 - $64,700 | +7% |
| Total Estimated Cost | $59,000 - $491,000 | $69,000 - $642,000 | -23% |
Local Market Factors
| Factor | Newark | Chicago |
|---|---|---|
| Cost of Living Index | 115.2 | 107.8 |
| Commercial Rent ($/sqft/yr) | $16 - $38 | $25 - $65 |
| Labor Rate Index | 1.14 | 1.15 |
| Sales Tax | 6.625% | 10.25% |
| Minimum Wage | $15.49/hr | $15.80/hr |
| LLC Filing Fee | $125 | $150 |
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