Security Company Startup Cost Comparison
Washington, DC vs Chicago, IL
Washington, DC
$20,000 - $123,000
COL Index: 148.7
VS
Chicago, IL
$20,000 - $109,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Washington, DC | Chicago, IL | Difference |
|---|---|---|---|
|
Licensing & Registration
|
$3,800 - $12,300 | $5,600 - $10,900 | -2% |
|
Uniforms & Equipment
|
$2,000 - $15,000 | $2,000 - $15,000 | Same |
|
Patrol Vehicle
|
$2,000 - $20,000 | $2,000 - $20,000 | Same |
|
Insurance & Bonding
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Guard Training Program
|
$1,000 - $8,000 | $1,000 - $8,000 | Same |
|
Marketing & Contract Bidding
|
$1,000 - $8,000 | $1,000 - $8,000 | Same |
|
Working Capital (2 Months)
|
$7,400 - $44,600 | $5,400 - $32,300 | +38% |
| Total Estimated Cost | $20,000 - $123,000 | $20,000 - $109,000 | +11% |
Local Market Factors
| Factor | Washington | Chicago |
|---|---|---|
| Cost of Living Index | 148.7 | 107.8 |
| Commercial Rent ($/sqft/yr) | $30 - $80 | $25 - $65 |
| Labor Rate Index | 1.42 | 1.15 |
| Sales Tax | 6% | 10.25% |
| Minimum Wage | $17.50/hr | $15.80/hr |
| LLC Filing Fee | $99 | $150 |
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