Spa Startup Cost Comparison

Greenville, NC vs Chicago, IL

Greenville, NC

$72,000 - $276,000

COL Index: 89.5

VS

Chicago, IL

$99,000 - $376,000

COL Index: 107.8

Detailed Cost Comparison

Expense Greenville, NC Chicago, IL Difference
Business Registration & Licenses
$800 - $3,900 $5,600 - $10,900 -72%
Commercial Lease (First + Last + Security)
$6,700 - $33,300 $17,600 - $88,000 -62%
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)
$13,400 - $44,800 $16,200 - $53,900 -17%
Total Estimated Cost $72,000 - $276,000 $99,000 - $376,000 -27%

Local Market Factors

Factor Greenville Chicago
Cost of Living Index 89.5 107.8
Commercial Rent ($/sqft/yr) $10 - $24 $25 - $65
Labor Rate Index 0.82 1.15
Sales Tax 7% 10.25%
Minimum Wage $7.25/hr $15.80/hr
LLC Filing Fee $125 $150

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