Veterinary Clinic Startup Cost Comparison

Madison, WI vs Chicago, IL

Madison, WI

$272,000 - $1,633,000

COL Index: 102.5

VS

Chicago, IL

$375,000 - $2,426,000

COL Index: 107.8

Detailed Cost Comparison

Expense Madison, WI Chicago, IL Difference
Licensing & DEA Registration
$3,000 - $15,000 $5,600 - $15,000 -13%
Clinic Space & Build-Out
$100,000 - $800,000 $195,700 - $1,565,200 -49%
Medical Equipment
$80,000 - $400,000 $80,000 - $400,000 Same
Practice Management Software
$5,000 - $25,000 $5,000 - $25,000 Same
Insurance (Annual)
$8,000 - $30,000 $8,000 - $30,000 Same
Initial Staffing
$19,600 - $98,000 $23,000 - $115,000 -15%
Initial Pharmacy & Supplies
$15,000 - $60,000 $15,000 - $60,000 Same
Working Capital (3 Months)
$41,000 - $205,000 $43,100 - $215,600 -5%
Total Estimated Cost $272,000 - $1,633,000 $375,000 - $2,426,000 -32%

Local Market Factors

Factor Madison Chicago
Cost of Living Index 102.5 107.8
Commercial Rent ($/sqft/yr) $14 - $32 $25 - $65
Labor Rate Index 0.98 1.15
Sales Tax 5.5% 10.25%
Minimum Wage $7.25/hr $15.80/hr
LLC Filing Fee $130 $150

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