Pharmacy Startup Cost Comparison
Gary, IN vs Los Angeles, CA
Gary, IN
$231,000 - $1,201,000
COL Index: 81.5
VS
Los Angeles, CA
$383,000 - $2,006,000
COL Index: 166.5
Detailed Cost Comparison
| Expense | Gary, IN | Los Angeles, CA | Difference |
|---|---|---|---|
|
Licensing & DEA Registration
|
$5,000 - $20,000 | $5,000 - $20,000 | Same |
|
Retail Space & Build-Out
|
$27,200 - $163,000 | $125,000 - $750,000 | -78% |
|
Initial Inventory
|
$100,000 - $600,000 | $100,000 - $600,000 | Same |
|
Pharmacy Equipment & Technology
|
$30,000 - $150,000 | $30,000 - $150,000 | Same |
|
Insurance & Bonding
|
$8,000 - $25,000 | $8,000 - $25,000 | Same |
|
Initial Staffing & Training
|
$15,000 - $60,000 | $27,000 - $108,000 | -44% |
|
Marketing & Launch
|
$5,000 - $20,000 | $5,000 - $20,000 | Same |
|
Working Capital (3 Months)
|
$40,800 - $163,000 | $83,300 - $333,000 | -51% |
| Total Estimated Cost | $231,000 - $1,201,000 | $383,000 - $2,006,000 | -40% |
Local Market Factors
| Factor | Gary | Los Angeles |
|---|---|---|
| Cost of Living Index | 81.5 | 166.5 |
| Commercial Rent ($/sqft/yr) | $7 - $18 | $30 - $85 |
| Labor Rate Index | 0.75 | 1.35 |
| Sales Tax | 7% | 9.5% |
| Minimum Wage | $7.25/hr | $16.78/hr |
| LLC Filing Fee | $95 | $70 |
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