Printing Business Startup Cost Comparison
Gary, IN vs Chicago, IL
Gary, IN
$40,000 - $200,000
COL Index: 81.5
VS
Chicago, IL
$56,000 - $267,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Gary, IN | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$700 - $2,600 | $5,600 - $10,900 | -80% |
|
Shop Lease (First + Last + Security)
|
$2,700 - $14,700 | $9,800 - $52,800 | -72% |
|
Printing Equipment
|
$20,000 - $100,000 | $20,000 - $100,000 | Same |
|
Shop Build-Out
|
$3,800 - $18,800 | $5,800 - $28,800 | -35% |
|
Paper Stock & Supplies
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Business Insurance (Annual)
|
$1,500 - $6,000 | $1,500 - $6,000 | Same |
|
Marketing & Client Acquisition
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Working Capital (3 Months)
|
$6,500 - $32,600 | $8,600 - $43,100 | -24% |
| Total Estimated Cost | $40,000 - $200,000 | $56,000 - $267,000 | -26% |
Local Market Factors
| Factor | Gary | Chicago |
|---|---|---|
| Cost of Living Index | 81.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $7 - $18 | $25 - $65 |
| Labor Rate Index | 0.75 | 1.15 |
| Sales Tax | 7% | 10.25% |
| Minimum Wage | $7.25/hr | $15.80/hr |
| LLC Filing Fee | $95 | $150 |
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