Spa Startup Cost Comparison

Raleigh, NC vs Chicago, IL

Raleigh, NC

$84,000 - $322,000

COL Index: 100.8

VS

Chicago, IL

$99,000 - $376,000

COL Index: 107.8

Detailed Cost Comparison

Expense Raleigh, NC Chicago, IL Difference
Business Registration & Licenses
$1,400 - $5,100 $5,600 - $10,900 -61%
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
$25,500 - $91,800 $28,800 - $103,500 -11%
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)
$15,100 - $50,400 $16,200 - $53,900 -7%
Total Estimated Cost $84,000 - $322,000 $99,000 - $376,000 -15%

Local Market Factors

Factor Raleigh Chicago
Cost of Living Index 100.8 107.8
Commercial Rent ($/sqft/yr) $16 - $40 $25 - $65
Labor Rate Index 1.02 1.15
Sales Tax 7.25% 10.25%
Minimum Wage $7.25/hr $15.80/hr
LLC Filing Fee $125 $150

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