Pet Store Startup Cost Comparison

Allen, TX vs Chicago, IL

Allen, TX

$55,000 - $288,000

COL Index: 104.5

VS

Chicago, IL

$64,000 - $325,000

COL Index: 107.8

Detailed Cost Comparison

Expense Allen, TX Chicago, IL Difference
Business Registration & Licenses
$1,900 - $6,200 $5,600 - $10,900 -51%
Commercial Lease (First + Last + Security)
$8,500 - $63,600 $11,700 - $88,000 -28%
Initial Inventory
$15,000 - $60,000 $15,000 - $60,000 Same
Store Build-Out & Fixtures
$10,500 - $68,300 $11,500 - $74,800 -9%
Specialized Equipment
$5,000 - $30,000 $5,000 - $30,000 Same
Business Insurance (Annual)
$2,000 - $8,000 $2,000 - $8,000 Same
Marketing & Grand Opening
$2,000 - $10,000 $2,000 - $10,000 Same
Working Capital (3 Months)
$10,500 - $41,800 $10,800 - $43,100 -3%
Total Estimated Cost $55,000 - $288,000 $64,000 - $325,000 -12%

Local Market Factors

Factor Allen Chicago
Cost of Living Index 104.5 107.8
Commercial Rent ($/sqft/yr) $20 - $45 $25 - $65
Labor Rate Index 1.05 1.15
Sales Tax 8.25% 10.25%
Minimum Wage $7.25/hr $15.80/hr
LLC Filing Fee $300 $150

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