Liquor Store Startup Cost Comparison
Orem, UT vs Chicago, IL
Orem, UT
$83,000 - $319,000
COL Index: 104.8
VS
Chicago, IL
$114,000 - $445,000
COL Index: 107.8
Detailed Cost Comparison
| Expense | Orem, UT | Chicago, IL | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Commercial Space & Build-Out
|
$27,400 - $109,600 | $58,700 - $234,800 | -53% |
|
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)
|
$15,700 - $41,900 | $16,200 - $43,100 | -3% |
| Total Estimated Cost | $83,000 - $319,000 | $114,000 - $445,000 | -28% |
Local Market Factors
| Factor | Orem | Chicago |
|---|---|---|
| Cost of Living Index | 104.8 | 107.8 |
| Commercial Rent ($/sqft/yr) | $14 - $28 | $25 - $65 |
| Labor Rate Index | 0.98 | 1.15 |
| Sales Tax | 7.25% | 10.25% |
| Minimum Wage | $7.25/hr | $15.80/hr |
| LLC Filing Fee | $54 | $150 |
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