Liquor Store Startup Cost Comparison
Lubbock, TX vs New York, NY
Lubbock, TX
$73,000 - $285,000
COL Index: 86.9
VS
New York, NY
$172,000 - $659,000
COL Index: 187.2
Detailed Cost Comparison
| Expense | Lubbock, TX | New York, NY | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Commercial Space & Build-Out
|
$20,900 - $83,500 | $104,300 - $417,400 | -80% |
|
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)
|
$13,000 - $34,800 | $28,100 - $74,900 | -54% |
| Total Estimated Cost | $73,000 - $285,000 | $172,000 - $659,000 | -57% |
Local Market Factors
| Factor | Lubbock | New York |
|---|---|---|
| Cost of Living Index | 86.9 | 187.2 |
| Commercial Rent ($/sqft/yr) | $10 - $22 | $40 - $120 |
| Labor Rate Index | 0.85 | 1.45 |
| Sales Tax | 8.25% | 8.875% |
| Minimum Wage | $7.25/hr | $16.00/hr |
| LLC Filing Fee | $300 | $200 |
View Full Details
Ready to Start Your Liquor Store?
Start your Liquor Store LLC in — free registered agent for 1 year.
Form Your LLC for $0 + State Fee →Trusted by 500,000+ businesses · Excellent rating on Trustpilot