Liquor Store Startup Cost Comparison
Cincinnati, OH vs Los Angeles, CA
Cincinnati, OH
$80,000 - $309,000
COL Index: 93.5
VS
Los Angeles, CA
$140,000 - $534,000
COL Index: 166.5
Detailed Cost Comparison
| Expense | Cincinnati, OH | Los Angeles, CA | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Commercial Space & Build-Out
|
$26,100 - $104,300 | $75,000 - $300,000 | -65% |
|
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)
|
$14,000 - $37,400 | $25,000 - $66,600 | -44% |
| Total Estimated Cost | $80,000 - $309,000 | $140,000 - $534,000 | -42% |
Local Market Factors
| Factor | Cincinnati | Los Angeles |
|---|---|---|
| Cost of Living Index | 93.5 | 166.5 |
| Commercial Rent ($/sqft/yr) | $12 - $28 | $30 - $85 |
| Labor Rate Index | 0.92 | 1.35 |
| Sales Tax | 7.8% | 9.5% |
| Minimum Wage | $10.45/hr | $16.78/hr |
| LLC Filing Fee | $99 | $70 |
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