Virtual Assistant Business Startup Cost Comparison
Peoria, AZ vs Chicago, IL
Peoria, AZ
$2,000 - $13,000
COL Index: 101.2
VS
Chicago, IL
$2,000 - $13,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Peoria, AZ | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$200 - $3,000 | $200 - $3,000 | Same |
|
Space & Equipment
|
$200 - $1,200 | $200 - $1,200 | Same |
|
Initial Supplies & Inventory
|
$100 - $500 | $100 - $500 | Same |
|
Business Insurance (Annual)
|
$500 - $3,000 | $500 - $3,000 | Same |
|
Marketing & Launch
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Working Capital (3 Months)
|
$100 - $300 | $100 - $300 | Same |
| Total Estimated Cost | $2,000 - $13,000 | $2,000 - $13,000 | Same |
Local Market Factors
| Factor | Peoria | Chicago |
|---|---|---|
| Cost of Living Index | 101.2 | 107.8 |
| Commercial Rent ($/sqft/yr) | $14 - $28 | $25 - $65 |
| Labor Rate Index | 0.96 | 1.15 |
| Sales Tax | 8.1% | 10.25% |
| Minimum Wage | $14.35/hr | $15.80/hr |
| LLC Filing Fee | $50 | $150 |
View Full Details
Ready to Start Your Virtual Assistant Business?
Start your Virtual Assistant Business LLC in — free registered agent for 1 year.
Form Your LLC for $0 + State Fee →Trusted by 500,000+ businesses · Excellent rating on Trustpilot