Liquor Store Startup Cost Comparison
Hilo, HI vs Houston, TX
Hilo, HI
$103,000 - $387,000
COL Index: 170.5
VS
Houston, TX
$95,000 - $370,000
COL Index: 96.5
Detailed Cost Comparison
| Expense | Hilo, HI | Houston, TX | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Commercial Space & Build-Out
|
$37,800 - $151,300 | $41,100 - $164,300 | -8% |
|
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)
|
$25,600 - $68,200 | $14,500 - $38,600 | +77% |
| Total Estimated Cost | $103,000 - $387,000 | $95,000 - $370,000 | +5% |
Local Market Factors
| Factor | Hilo | Houston |
|---|---|---|
| Cost of Living Index | 170.5 | 96.5 |
| Commercial Rent ($/sqft/yr) | $18 - $40 | $18 - $45 |
| Labor Rate Index | 1.15 | 0.92 |
| Sales Tax | 4.5% | 8.25% |
| Minimum Wage | $14.00/hr | $7.25/hr |
| LLC Filing Fee | $50 | $300 |
View Full Details
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