Tattoo Shop Startup Cost Comparison

Hartford, CT vs Chicago, IL

Hartford, CT

$22,000 - $107,000

COL Index: 107.3

VS

Chicago, IL

$34,000 - $167,000

COL Index: 107.8

Detailed Cost Comparison

Expense Hartford, CT Chicago, IL Difference
Business Registration & Licenses
$200 - $3,000 $200 - $3,000 Same
Space & Equipment
$11,500 - $57,400 $23,500 - $117,400 -51%
Initial Supplies & Inventory
$4,500 - $22,500 $4,500 - $22,500 Same
Business Insurance (Annual)
$500 - $3,000 $500 - $3,000 Same
Marketing & Launch
$500 - $5,000 $500 - $5,000 Same
Working Capital (3 Months)
$4,800 - $16,100 $4,900 - $16,200 -1%
Total Estimated Cost $22,000 - $107,000 $34,000 - $167,000 -36%

Local Market Factors

Factor Hartford Chicago
Cost of Living Index 107.3 107.8
Commercial Rent ($/sqft/yr) $14 - $30 $25 - $65
Labor Rate Index 1.08 1.15
Sales Tax 6.35% 10.25%
Minimum Wage $16.35/hr $15.80/hr
LLC Filing Fee $120 $150

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