Spa Startup Cost Comparison

Boston, MA vs Chicago, IL

Boston, MA

$116,000 - $460,000

COL Index: 152.4

VS

Chicago, IL

$99,000 - $376,000

COL Index: 107.8

Detailed Cost Comparison

Expense Boston, MA Chicago, IL Difference
Business Registration & Licenses
$5,800 - $32,300 $5,600 - $10,900 +131%
Commercial Lease (First + Last + Security)
$21,500 - $107,600 $17,600 - $88,000 +22%
Spa Equipment & Furnishings
$20,000 - $80,000 $20,000 - $80,000 Same
Initial Product & Supplies Inventory
$5,000 - $20,000 $5,000 - $20,000 Same
Interior Build-Out & Ambiance Design
$34,500 - $124,200 $28,800 - $103,500 +20%
Business Insurance (Annual)
$3,000 - $8,000 $3,000 - $8,000 Same
Marketing & Launch
$3,000 - $12,000 $3,000 - $12,000 Same
Working Capital (3 Months)
$22,900 - $76,200 $16,200 - $53,900 +41%
Total Estimated Cost $116,000 - $460,000 $99,000 - $376,000 +21%

Local Market Factors

Factor Boston Chicago
Cost of Living Index 152.4 107.8
Commercial Rent ($/sqft/yr) $30 - $80 $25 - $65
Labor Rate Index 1.38 1.15
Sales Tax 6.25% 10.25%
Minimum Wage $15.00/hr $15.80/hr
LLC Filing Fee $500 $150

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