Tire Shop Startup Cost Comparison
Sacramento, CA vs Chicago, IL
Sacramento, CA
$60,000 - $286,000
COL Index: 125.8
VS
Chicago, IL
$67,000 - $316,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Sacramento, CA | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$2,700 - $8,700 | $5,600 - $10,900 | -31% |
|
Facility Lease (First + Last + Security)
|
$12,300 - $74,000 | $17,600 - $105,700 | -30% |
|
Tire Service Equipment
|
$15,000 - $65,000 | $15,000 - $65,000 | Same |
|
Initial Tire Inventory
|
$10,000 - $50,000 | $10,000 - $50,000 | Same |
|
Facility Build-Out
|
$5,500 - $33,000 | $5,800 - $34,500 | -4% |
|
Business Insurance (Annual)
|
$2,500 - $10,000 | $2,500 - $10,000 | Same |
|
Marketing & Signage
|
$1,500 - $8,000 | $1,500 - $8,000 | Same |
|
Working Capital (3 Months)
|
$10,100 - $37,700 | $8,600 - $32,300 | +17% |
| Total Estimated Cost | $60,000 - $286,000 | $67,000 - $316,000 | -10% |
Local Market Factors
| Factor | Sacramento | Chicago |
|---|---|---|
| Cost of Living Index | 125.8 | 107.8 |
| Commercial Rent ($/sqft/yr) | $18 - $45 | $25 - $65 |
| Labor Rate Index | 1.1 | 1.15 |
| Sales Tax | 8.75% | 10.25% |
| Minimum Wage | $16.00/hr | $15.80/hr |
| LLC Filing Fee | $70 | $150 |
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