Trucking Company Startup Cost Comparison
Baltimore, MD vs Chicago, IL
Baltimore, MD
$22,000 - $294,000
COL Index: 108.5
VS
Chicago, IL
$22,000 - $294,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Baltimore, MD | Chicago, IL | Difference |
|---|---|---|---|
|
Authority & Licensing
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Truck Purchase or Lease
|
$5,000 - $200,000 | $5,000 - $200,000 | Same |
|
Commercial Truck Insurance
|
$5,000 - $20,000 | $5,000 - $20,000 | Same |
|
Technology & Compliance
|
$1,000 - $5,000 | $1,000 - $5,000 | Same |
|
Initial Fuel & Maintenance Reserve
|
$3,000 - $15,000 | $3,000 - $15,000 | Same |
|
Marketing & Freight Brokerage
|
$500 - $3,000 | $500 - $3,000 | Same |
|
Working Capital (2 Months)
|
$5,400 - $43,400 | $5,400 - $43,100 | +1% |
| Total Estimated Cost | $22,000 - $294,000 | $22,000 - $294,000 | Same |
Local Market Factors
| Factor | Baltimore | Chicago |
|---|---|---|
| Cost of Living Index | 108.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $16 - $40 | $25 - $65 |
| Labor Rate Index | 1.05 | 1.15 |
| Sales Tax | 6% | 10.25% |
| Minimum Wage | $15.00/hr | $15.80/hr |
| LLC Filing Fee | $100 | $150 |
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