Veterinary Clinic Startup Cost Comparison

Paterson, NJ vs Chicago, IL

Paterson, NJ

$261,000 - $1,523,000

COL Index: 104.6

VS

Chicago, IL

$375,000 - $2,426,000

COL Index: 107.8

Detailed Cost Comparison

Expense Paterson, NJ Chicago, IL Difference
Licensing & DEA Registration
$8,400 - $36,200 $5,600 - $15,000 +117%
Clinic Space & Build-Out
$82,600 - $660,900 $195,700 - $1,565,200 -58%
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
$20,400 - $102,000 $23,000 - $115,000 -11%
Initial Pharmacy & Supplies
$15,000 - $60,000 $15,000 - $60,000 Same
Working Capital (3 Months)
$41,800 - $209,200 $43,100 - $215,600 -3%
Total Estimated Cost $261,000 - $1,523,000 $375,000 - $2,426,000 -36%

Local Market Factors

Factor Paterson Chicago
Cost of Living Index 104.6 107.8
Commercial Rent ($/sqft/yr) $12 - $26 $25 - $65
Labor Rate Index 1.02 1.15
Sales Tax 6.625% 10.25%
Minimum Wage $15.49/hr $15.80/hr
LLC Filing Fee $125 $150

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