Spa Startup Cost Comparison

Charleston, WV vs Chicago, IL

Charleston, WV

$69,000 - $261,000

COL Index: 80.4

VS

Chicago, IL

$99,000 - $376,000

COL Index: 107.8

Detailed Cost Comparison

Expense Charleston, WV Chicago, IL Difference
Business Registration & Licenses
$700 - $3,800 $5,600 - $10,900 -73%
Commercial Lease (First + Last + Security)
$4,700 - $23,500 $17,600 - $88,000 -73%
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
$20,500 - $73,800 $28,800 - $103,500 -29%
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)
$12,100 - $40,200 $16,200 - $53,900 -25%
Total Estimated Cost $69,000 - $261,000 $99,000 - $376,000 -31%

Local Market Factors

Factor Charleston Chicago
Cost of Living Index 80.4 107.8
Commercial Rent ($/sqft/yr) $8 - $16 $25 - $65
Labor Rate Index 0.82 1.15
Sales Tax 7% 10.25%
Minimum Wage $8.75/hr $15.80/hr
LLC Filing Fee $100 $150

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