Pet Store Startup Cost Comparison

Sandy, UT vs Chicago, IL

Sandy, UT

$52,000 - $265,000

COL Index: 106.5

VS

Chicago, IL

$64,000 - $325,000

COL Index: 107.8

Detailed Cost Comparison

Expense Sandy, UT Chicago, IL Difference
Business Registration & Licenses
$1,300 - $6,000 $5,600 - $10,900 -56%
Commercial Lease (First + Last + Security)
$5,700 - $43,000 $11,700 - $88,000 -51%
Initial Inventory
$15,000 - $60,000 $15,000 - $60,000 Same
Store Build-Out & Fixtures
$10,000 - $65,000 $11,500 - $74,800 -13%
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)
$10,700 - $42,600 $10,800 - $43,100 -1%
Total Estimated Cost $52,000 - $265,000 $64,000 - $325,000 -19%

Local Market Factors

Factor Sandy Chicago
Cost of Living Index 106.5 107.8
Commercial Rent ($/sqft/yr) $14 - $30 $25 - $65
Labor Rate Index 1 1.15
Sales Tax 7.25% 10.25%
Minimum Wage $7.25/hr $15.80/hr
LLC Filing Fee $54 $150

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