Spa Startup Cost Comparison

Wilmington, DE vs Chicago, IL

Wilmington, DE

$82,000 - $310,000

COL Index: 102.4

VS

Chicago, IL

$99,000 - $376,000

COL Index: 107.8

Detailed Cost Comparison

Expense Wilmington, DE Chicago, IL Difference
Business Registration & Licenses
$1,900 - $6,300 $5,600 - $10,900 -50%
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
$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)
$15,400 - $51,200 $16,200 - $53,900 -5%
Total Estimated Cost $82,000 - $310,000 $99,000 - $376,000 -17%

Local Market Factors

Factor Wilmington Chicago
Cost of Living Index 102.4 107.8
Commercial Rent ($/sqft/yr) $14 - $28 $25 - $65
Labor Rate Index 1.02 1.15
Sales Tax 0% 10.25%
Minimum Wage $13.25/hr $15.80/hr
LLC Filing Fee $90 $150

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