Liquor Store Startup Cost Comparison
Newark, NJ vs Houston, TX
Newark, NJ
$92,000 - $354,000
COL Index: 115.2
VS
Houston, TX
$95,000 - $370,000
COL Index: 96.5
Detailed Cost Comparison
| Expense | Newark, NJ | Houston, TX | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Commercial Space & Build-Out
|
$35,200 - $140,900 | $41,100 - $164,300 | -14% |
|
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)
|
$17,300 - $46,100 | $14,500 - $38,600 | +19% |
| Total Estimated Cost | $92,000 - $354,000 | $95,000 - $370,000 | -4% |
Local Market Factors
| Factor | Newark | Houston |
|---|---|---|
| Cost of Living Index | 115.2 | 96.5 |
| Commercial Rent ($/sqft/yr) | $16 - $38 | $18 - $45 |
| Labor Rate Index | 1.14 | 0.92 |
| Sales Tax | 6.625% | 8.25% |
| Minimum Wage | $15.49/hr | $7.25/hr |
| LLC Filing Fee | $125 | $300 |
View Full Details
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