Veterinary Clinic Startup Cost Comparison

Olympia, WA vs Chicago, IL

Olympia, WA

$281,000 - $1,691,000

COL Index: 110.5

VS

Chicago, IL

$375,000 - $2,426,000

COL Index: 107.8

Detailed Cost Comparison

Expense Olympia, WA Chicago, IL Difference
Licensing & DEA Registration
$3,000 - $15,000 $5,600 - $15,000 -13%
Clinic Space & Build-Out
$104,300 - $834,800 $195,700 - $1,565,200 -47%
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
$21,000 - $105,000 $23,000 - $115,000 -9%
Initial Pharmacy & Supplies
$15,000 - $60,000 $15,000 - $60,000 Same
Working Capital (3 Months)
$44,200 - $221,000 $43,100 - $215,600 +3%
Total Estimated Cost $281,000 - $1,691,000 $375,000 - $2,426,000 -30%

Local Market Factors

Factor Olympia Chicago
Cost of Living Index 110.5 107.8
Commercial Rent ($/sqft/yr) $16 - $32 $25 - $65
Labor Rate Index 1.05 1.15
Sales Tax 9% 10.25%
Minimum Wage $16.28/hr $15.80/hr
LLC Filing Fee $180 $150

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