Yoga Studio Startup Cost Comparison
Lakewood, CO vs Chicago, IL
Lakewood, CO
$46,000 - $184,000
COL Index: 112.5
VS
Chicago, IL
$56,000 - $215,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Lakewood, CO | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$1,400 - $6,100 | $5,600 - $10,900 | -55% |
|
Commercial Lease (First + Last + Security)
|
$7,000 - $35,200 | $11,700 - $58,700 | -40% |
|
Studio Equipment & Props
|
$5,000 - $18,000 | $5,000 - $18,000 | Same |
|
Studio Build-Out & Design
|
$16,200 - $64,800 | $17,300 - $69,000 | -6% |
|
Technology & Booking Platform
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Business Insurance (Annual)
|
$1,500 - $4,500 | $1,500 - $4,500 | Same |
|
Marketing & Launch
|
$2,000 - $8,000 | $2,000 - $8,000 | Same |
|
Working Capital (3 Months)
|
$11,300 - $39,400 | $10,800 - $37,700 | +5% |
| Total Estimated Cost | $46,000 - $184,000 | $56,000 - $215,000 | -15% |
Local Market Factors
| Factor | Lakewood | Chicago |
|---|---|---|
| Cost of Living Index | 112.5 | 107.8 |
| Commercial Rent ($/sqft/yr) | $16 - $38 | $25 - $65 |
| Labor Rate Index | 1.08 | 1.15 |
| Sales Tax | 7.5% | 10.25% |
| Minimum Wage | $14.42/hr | $15.80/hr |
| LLC Filing Fee | $50 | $150 |
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