Veterinary Clinic Startup Cost Comparison

Murfreesboro, TN vs Chicago, IL

Murfreesboro, TN

$260,000 - $1,557,000

COL Index: 94.5

VS

Chicago, IL

$375,000 - $2,426,000

COL Index: 107.8

Detailed Cost Comparison

Expense Murfreesboro, TN Chicago, IL Difference
Licensing & DEA Registration
$3,000 - $15,000 $5,600 - $15,000 -13%
Clinic Space & Build-Out
$93,500 - $747,800 $195,700 - $1,565,200 -52%
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
$18,000 - $90,000 $23,000 - $115,000 -22%
Initial Pharmacy & Supplies
$15,000 - $60,000 $15,000 - $60,000 Same
Working Capital (3 Months)
$37,800 - $189,000 $43,100 - $215,600 -12%
Total Estimated Cost $260,000 - $1,557,000 $375,000 - $2,426,000 -35%

Local Market Factors

Factor Murfreesboro Chicago
Cost of Living Index 94.5 107.8
Commercial Rent ($/sqft/yr) $13 - $30 $25 - $65
Labor Rate Index 0.9 1.15
Sales Tax 9.75% 10.25%
Minimum Wage $7.25/hr $15.80/hr
LLC Filing Fee $300 $150

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