Pizza Shop Startup Cost Comparison
Memphis, TN vs Chicago, IL
Memphis, TN
$60,000 - $237,000
COL Index: 87.6
VS
Chicago, IL
$87,000 - $340,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Memphis, TN | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Commercial Space & Build-Out
|
$19,600 - $78,300 | $44,000 - $176,100 | -56% |
|
Equipment & Fixtures
|
$18,800 - $75,000 | $18,800 - $75,000 | Same |
|
Initial Inventory & Supplies
|
$7,500 - $30,000 | $7,500 - $30,000 | Same |
|
Business Insurance (Annual)
|
$2,000 - $12,000 | $2,000 - $12,000 | Same |
|
Marketing & Grand Opening
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Working Capital (3 Months)
|
$9,900 - $26,300 | $12,100 - $32,300 | -18% |
| Total Estimated Cost | $60,000 - $237,000 | $87,000 - $340,000 | -30% |
Local Market Factors
| Factor | Memphis | Chicago |
|---|---|---|
| Cost of Living Index | 87.6 | 107.8 |
| Commercial Rent ($/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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