Liquor Store Startup Cost Comparison
Aurora, IL vs Los Angeles, CA
Aurora, IL
$81,000 - $315,000
COL Index: 96
VS
Los Angeles, CA
$140,000 - $534,000
COL Index: 166.5
Detailed Cost Comparison
| Expense | Aurora, IL | Los Angeles, CA | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Commercial Space & Build-Out
|
$27,400 - $109,600 | $75,000 - $300,000 | -63% |
|
Equipment & Fixtures
|
$25,000 - $100,000 | $25,000 - $100,000 | Same |
|
Initial Inventory & Supplies
|
$10,000 - $40,000 | $10,000 - $40,000 | Same |
|
Business Insurance (Annual)
|
$2,000 - $12,000 | $2,000 - $12,000 | Same |
|
Marketing & Grand Opening
|
$2,000 - $10,000 | $2,000 - $10,000 | Same |
|
Working Capital (3 Months)
|
$14,400 - $38,400 | $25,000 - $66,600 | -42% |
| Total Estimated Cost | $81,000 - $315,000 | $140,000 - $534,000 | -41% |
Local Market Factors
| Factor | Aurora | Los Angeles |
|---|---|---|
| Cost of Living Index | 96 | 166.5 |
| Commercial Rent ($/sqft/yr) | $14 - $28 | $30 - $85 |
| Labor Rate Index | 0.95 | 1.35 |
| Sales Tax | 8% | 9.5% |
| Minimum Wage | $14.00/hr | $16.78/hr |
| LLC Filing Fee | $150 | $70 |
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