Spa Startup Cost Comparison

Plano, TX vs Chicago, IL

Plano, TX

$86,000 - $328,000

COL Index: 104.5

VS

Chicago, IL

$99,000 - $376,000

COL Index: 107.8

Detailed Cost Comparison

Expense Plano, TX Chicago, IL Difference
Business Registration & Licenses
$1,900 - $6,100 $5,600 - $10,900 -52%
Commercial Lease (First + Last + Security)
$11,000 - $54,800 $17,600 - $88,000 -38%
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
$26,300 - $94,500 $28,800 - $103,500 -9%
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)
$15,700 - $52,300 $16,200 - $53,900 -3%
Total Estimated Cost $86,000 - $328,000 $99,000 - $376,000 -13%

Local Market Factors

Factor Plano Chicago
Cost of Living Index 104.5 107.8
Commercial Rent ($/sqft/yr) $18 - $38 $25 - $65
Labor Rate Index 1.05 1.15
Sales Tax 8.25% 10.25%
Minimum Wage $7.25/hr $15.80/hr
LLC Filing Fee $300 $150

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