Printing Business Startup Cost Comparison

Norfolk, VA vs Chicago, IL

Norfolk, VA

$46,000 - $224,000

COL Index: 97.6

VS

Chicago, IL

$56,000 - $267,000

COL Index: 107.8

Detailed Cost Comparison

Expense Norfolk, VA Chicago, IL Difference
Business Registration & Licenses
$2,400 - $7,200 $5,600 - $10,900 -42%
Shop Lease (First + Last + Security)
$4,100 - $22,300 $9,800 - $52,800 -58%
Printing Equipment
$20,000 - $100,000 $20,000 - $100,000 Same
Shop Build-Out
$4,800 - $24,000 $5,800 - $28,800 -17%
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)
$7,800 - $39,000 $8,600 - $43,100 -9%
Total Estimated Cost $46,000 - $224,000 $56,000 - $267,000 -16%

Local Market Factors

Factor Norfolk Chicago
Cost of Living Index 97.6 107.8
Commercial Rent ($/sqft/yr) $12 - $26 $25 - $65
Labor Rate Index 0.96 1.15
Sales Tax 6% 10.25%
Minimum Wage $12.41/hr $15.80/hr
LLC Filing Fee $100 $150

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