Veterinary Clinic Startup Cost Comparison

Worcester, MA vs Chicago, IL

Worcester, MA

$269,000 - $1,595,000

COL Index: 112.4

VS

Chicago, IL

$375,000 - $2,426,000

COL Index: 107.8

Detailed Cost Comparison

Expense Worcester, MA Chicago, IL Difference
Licensing & DEA Registration
$3,500 - $16,500 $5,600 - $15,000 -3%
Clinic Space & Build-Out
$91,300 - $730,400 $195,700 - $1,565,200 -53%
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
$21,600 - $108,000 $23,000 - $115,000 -6%
Initial Pharmacy & Supplies
$15,000 - $60,000 $15,000 - $60,000 Same
Working Capital (3 Months)
$45,000 - $224,800 $43,100 - $215,600 +4%
Total Estimated Cost $269,000 - $1,595,000 $375,000 - $2,426,000 -33%

Local Market Factors

Factor Worcester Chicago
Cost of Living Index 112.4 107.8
Commercial Rent ($/sqft/yr) $14 - $28 $25 - $65
Labor Rate Index 1.08 1.15
Sales Tax 6.25% 10.25%
Minimum Wage $15.00/hr $15.80/hr
LLC Filing Fee $500 $150

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