Spa Startup Cost Comparison

Meridian, ID vs Chicago, IL

Meridian, ID

$81,000 - $308,000

COL Index: 105.6

VS

Chicago, IL

$99,000 - $376,000

COL Index: 107.8

Detailed Cost Comparison

Expense Meridian, ID Chicago, IL Difference
Business Registration & Licenses
$1,300 - $5,500 $5,600 - $10,900 -59%
Commercial Lease (First + Last + Security)
$8,200 - $41,100 $17,600 - $88,000 -53%
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
$24,500 - $88,200 $28,800 - $103,500 -15%
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)
$15,800 - $52,800 $16,200 - $53,900 -2%
Total Estimated Cost $81,000 - $308,000 $99,000 - $376,000 -18%

Local Market Factors

Factor Meridian Chicago
Cost of Living Index 105.6 107.8
Commercial Rent ($/sqft/yr) $14 - $28 $25 - $65
Labor Rate Index 0.98 1.15
Sales Tax 6% 10.25%
Minimum Wage $7.25/hr $15.80/hr
LLC Filing Fee $100 $150

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