Senior Care Facility Startup Cost Comparison
Santa Clarita, CA vs Chicago, IL
Santa Clarita, CA
$136,000 - $1,385,000
COL Index: 148.5
VS
Chicago, IL
$137,000 - $1,518,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Santa Clarita, CA | Chicago, IL | Difference |
|---|---|---|---|
|
Licensing & Certification
|
$5,000 - $30,000 | $5,600 - $30,000 | -2% |
|
Facility Acquisition or Lease
|
$45,700 - $760,900 | $58,700 - $978,300 | -22% |
|
Furnishing & Equipment
|
$15,000 - $150,000 | $15,000 - $150,000 | Same |
|
Insurance (Annual)
|
$8,000 - $40,000 | $8,000 - $40,000 | Same |
|
Initial Staffing & Training
|
$12,000 - $72,000 | $11,500 - $69,000 | +4% |
|
Compliance & Accreditation
|
$3,000 - $20,000 | $3,000 - $20,000 | Same |
|
Marketing & Referral Network
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Working Capital (3-6 Months)
|
$44,600 - $297,000 | $32,300 - $215,600 | +38% |
| Total Estimated Cost | $136,000 - $1,385,000 | $137,000 - $1,518,000 | -8% |
Local Market Factors
| Factor | Santa Clarita | Chicago |
|---|---|---|
| Cost of Living Index | 148.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $22 - $48 | $25 - $65 |
| Labor Rate Index | 1.2 | 1.15 |
| Sales Tax | 9.5% | 10.25% |
| Minimum Wage | $16.00/hr | $15.80/hr |
| LLC Filing Fee | $70 | $150 |
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