Liquor Store Startup Cost Comparison
Springfield, IL vs Los Angeles, CA
Springfield, IL
$72,000 - $280,000
COL Index: 86.5
VS
Los Angeles, CA
$140,000 - $534,000
COL Index: 166.5
Detailed Cost Comparison
| Expense | Springfield, IL | Los Angeles, CA | Difference |
|---|---|---|---|
|
Business Registration & Licenses
|
$500 - $5,000 | $500 - $5,000 | Same |
|
Commercial Space & Build-Out
|
$19,600 - $78,300 | $75,000 - $300,000 | -74% |
|
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 - $34,600 | $25,000 - $66,600 | -48% |
| Total Estimated Cost | $72,000 - $280,000 | $140,000 - $534,000 | -48% |
Local Market Factors
| Factor | Springfield | Los Angeles |
|---|---|---|
| Cost of Living Index | 86.5 | 166.5 |
| Commercial Rent ($/sqft/yr) | $10 - $20 | $30 - $85 |
| Labor Rate Index | 0.86 | 1.35 |
| Sales Tax | 9.75% | 9.5% |
| Minimum Wage | $14.00/hr | $16.78/hr |
| LLC Filing Fee | $150 | $70 |
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