Real Estate Investment Business Startup Cost Comparison
Chicago, IL vs San Francisco, CA
Chicago, IL
$35,000 - $753,000
COL Index: 107.8
VS
San Francisco, CA
$56,000 - $1,238,000
COL Index: 179.8
Detailed Cost Comparison
| Expense | Chicago, IL | San Francisco, CA | Difference |
|---|---|---|---|
|
Business Formation
|
$500 - $3,000 | $500 - $3,000 | Same |
|
First Property Down Payment
|
$19,600 - $587,000 | $32,600 - $978,300 | -40% |
|
Renovation & Repairs
|
$5,400 - $107,800 | $9,000 - $179,800 | -40% |
|
Landlord Insurance
|
$1,000 - $5,000 | $1,000 - $5,000 | Same |
|
Analysis & Management Tools
|
$500 - $3,000 | $500 - $3,000 | Same |
|
Closing & Financing Costs
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Cash Reserves
|
$5,400 - $32,300 | $9,000 - $53,900 | -40% |
| Total Estimated Cost | $35,000 - $753,000 | $56,000 - $1,238,000 | -39% |
Local Market Factors
| Factor | Chicago | San Francisco |
|---|---|---|
| Cost of Living Index | 107.8 | 179.8 |
| Commercial Rent ($/sqft/yr) | $25 - $65 | $40 - $110 |
| Labor Rate Index | 1.15 | 1.52 |
| Sales Tax | 10.25% | 8.625% |
| Minimum Wage | $15.80/hr | $18.67/hr |
| LLC Filing Fee | $150 | $70 |
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