Pizza Shop Startup Cost Comparison

Portland, ME vs Chicago, IL

Portland, ME

$67,000 - $260,000

COL Index: 114.2

VS

Chicago, IL

$87,000 - $340,000

COL Index: 107.8

Detailed Cost Comparison

Expense Portland, ME Chicago, IL Difference
Business Registration & Licenses
$500 - $5,000 $500 - $5,000 Same
Commercial Space & Build-Out
$23,500 - $93,900 $44,000 - $176,100 -47%
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)
$12,800 - $34,300 $12,100 - $32,300 +6%
Total Estimated Cost $67,000 - $260,000 $87,000 - $340,000 -23%

Local Market Factors

Factor Portland Chicago
Cost of Living Index 114.2 107.8
Commercial Rent ($/sqft/yr) $16 - $32 $25 - $65
Labor Rate Index 1.04 1.15
Sales Tax 5.5% 10.25%
Minimum Wage $14.15/hr $15.80/hr
LLC Filing Fee $175 $150

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