Recording Studio Startup Cost Comparison

Gulfport, MS vs Chicago, IL

Gulfport, MS

$36,000 - $170,000

COL Index: 86.2

VS

Chicago, IL

$52,000 - $234,000

COL Index: 107.8

Detailed Cost Comparison

Expense Gulfport, MS Chicago, IL Difference
Business Registration & Licenses
$700 - $2,700 $5,600 - $10,900 -79%
Studio Lease (First + Last + Security)
$3,300 - $16,300 $9,800 - $48,900 -67%
Soundproofing & Studio Construction
$8,300 - $41,500 $11,500 - $57,500 -28%
Recording Console & Equipment
$8,000 - $40,000 $8,000 - $40,000 Same
Microphones & Studio Instruments
$5,000 - $25,000 $5,000 - $25,000 Same
Business & Equipment Insurance (Annual)
$1,500 - $6,000 $1,500 - $6,000 Same
Marketing & Client Acquisition
$2,000 - $8,000 $2,000 - $8,000 Same
Working Capital (3-6 Months)
$6,900 - $30,200 $8,600 - $37,700 -20%
Total Estimated Cost $36,000 - $170,000 $52,000 - $234,000 -28%

Local Market Factors

Factor Gulfport Chicago
Cost of Living Index 86.2 107.8
Commercial Rent ($/sqft/yr) $10 - $20 $25 - $65
Labor Rate Index 0.83 1.15
Sales Tax 8% 10.25%
Minimum Wage $7.25/hr $15.80/hr
LLC Filing Fee $50 $150

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