Veterinary Clinic Startup Cost Comparison

Tempe, AZ vs Chicago, IL

Tempe, AZ

$306,000 - $1,896,000

COL Index: 108.5

VS

Chicago, IL

$375,000 - $2,426,000

COL Index: 107.8

Detailed Cost Comparison

Expense Tempe, AZ Chicago, IL Difference
Licensing & DEA Registration
$3,000 - $15,000 $5,600 - $15,000 -13%
Clinic Space & Build-Out
$130,400 - $1,043,500 $195,700 - $1,565,200 -33%
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)
$43,400 - $217,000 $43,100 - $215,600 +1%
Total Estimated Cost $306,000 - $1,896,000 $375,000 - $2,426,000 -21%

Local Market Factors

Factor Tempe Chicago
Cost of Living Index 108.5 107.8
Commercial Rent ($/sqft/yr) $18 - $42 $25 - $65
Labor Rate Index 1.05 1.15
Sales Tax 8.1% 10.25%
Minimum Wage $14.35/hr $15.80/hr
LLC Filing Fee $50 $150

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