Spa Startup Cost Comparison

Naperville, IL vs New York, NY

Naperville, IL

$89,000 - $342,000

COL Index: 112.5

VS

New York, NY

$132,000 - $518,000

COL Index: 187.2

Detailed Cost Comparison

Expense Naperville, IL New York, NY Difference
Business Registration & Licenses
$1,400 - $6,200 $5,300 - $17,100 -66%
Commercial Lease (First + Last + Security)
$12,100 - $60,700 $31,300 - $156,500 -61%
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
$27,500 - $99,000 $36,300 - $130,500 -24%
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)
$16,900 - $56,300 $28,100 - $93,600 -40%
Total Estimated Cost $89,000 - $342,000 $132,000 - $518,000 -34%

Local Market Factors

Factor Naperville New York
Cost of Living Index 112.5 187.2
Commercial Rent ($/sqft/yr) $20 - $42 $40 - $120
Labor Rate Index 1.1 1.45
Sales Tax 7.75% 8.875%
Minimum Wage $14.00/hr $16.00/hr
LLC Filing Fee $150 $200

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