Vending Machine Business Startup Cost Comparison

Minneapolis, MN vs Chicago, IL

Minneapolis, MN

$8,000 - $73,000

COL Index: 109.5

VS

Chicago, IL

$8,000 - $73,000

COL Index: 107.8

Detailed Cost Comparison

Expense Minneapolis, MN Chicago, IL Difference
Business Registration & Licenses
$200 - $1,500 $200 - $1,500 Same
Vending Machines (3-10)
$6,000 - $50,000 $6,000 - $50,000 Same
Initial Product Inventory
$500 - $3,000 $500 - $3,000 Same
Vehicle for Servicing
$0 - $10,000 $0 - $10,000 Same
Location Placement & Agreements
$0 - $2,000 $0 - $2,000 Same
Cashless Payment & Monitoring
$500 - $3,000 $500 - $3,000 Same
Working Capital (2 Months)
$500 - $3,300 $500 - $3,200 +3%
Total Estimated Cost $8,000 - $73,000 $8,000 - $73,000 Same

Local Market Factors

Factor Minneapolis Chicago
Cost of Living Index 109.5 107.8
Commercial Rent ($/sqft/yr) $18 - $45 $25 - $65
Labor Rate Index 1.08 1.15
Sales Tax 8.025% 10.25%
Minimum Wage $15.57/hr $15.80/hr
LLC Filing Fee $155 $150

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