Tattoo Shop Startup Cost Comparison
Honolulu, HI vs Chicago, IL
Honolulu, HI
$42,000 - $199,000
COL Index: 192.5
VS
Chicago, IL
$34,000 - $167,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Honolulu, HI | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$27,400 - $137,000 | $23,500 - $117,400 | +17% |
|
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)
|
$8,700 - $28,900 | $4,900 - $16,200 | +78% |
| Total Estimated Cost | $42,000 - $199,000 | $34,000 - $167,000 | +20% |
Local Market Factors
| Factor | Honolulu | Chicago |
|---|---|---|
| Cost of Living Index | 192.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $30 - $75 | $25 - $65 |
| Labor Rate Index | 1.3 | 1.15 |
| Sales Tax | 4.5% | 10.25% |
| Minimum Wage | $14.00/hr | $15.80/hr |
| LLC Filing Fee | $50 | $150 |
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