How much does it cost to start a videography business?

Starting a videography business costs $10,000 to $60,000 depending on the quality of equipment you purchase. A basic setup with a mirrorless camera, one or two lenses, and basic audio gear can get you started for $10,000 to $20,000. Professional cinema camera packages with dedicated audio, lighting, and editing hardware push costs toward $40,000 to $60,000.

What equipment do I need to start a video production company?

At minimum you need a professional camera capable of shooting 4K video, 2 to 3 lenses, a tripod, a gimbal stabilizer, basic lighting kit, wireless lavalier and shotgun microphones, an audio recorder, and a powerful editing computer. Budget an additional $1,000 to $2,000 for a drone if you want to offer aerial footage, which is increasingly expected for real estate and event work.

How much do videographers charge per project?

Videographers typically charge $1,500 to $5,000 for a wedding video, $500 to $3,000 for a corporate promotional video, and $2,000 to $10,000 for a commercial production. Day rates for experienced videographers range from $500 to $2,500 depending on the market and complexity. Building a reel of quality work is essential for commanding higher rates.

Videography Business Startup Cost Comparison

Racine, WI vs Chicago, IL

Racine, WI

$13,000 - $62,000

COL Index: 89.5

Chicago, IL

$18,000 - $72,000

COL Index: 107.8

Detailed Cost Comparison

Expense	Racine, WI	Chicago, IL	Difference
Business Registration & Licenses	$700 - $2,800	$5,600 - $10,900	-79%
Camera & Video Equipment	$4,000 - $20,000	$4,000 - $20,000	Same
Audio Equipment	$1,000 - $5,000	$1,000 - $5,000	Same
Lighting & Grip Equipment	$1,500 - $8,000	$1,500 - $8,000	Same
Editing Computer & Software	$2,000 - $8,000	$2,000 - $8,000	Same
Business & Equipment Insurance (Annual)	$600 - $3,000	$600 - $3,000	Same
Marketing & Portfolio Website	$1,000 - $6,000	$1,000 - $6,000	Same
Working Capital (3 Months)	$1,800 - $9,000	$2,200 - $10,800	-17%
Total Estimated Cost	$13,000 - $62,000	$18,000 - $72,000	-17%

Local Market Factors

Factor	Racine	Chicago
Cost of Living Index	89.5	107.8
Commercial Rent ($/sqft/yr)	$9 - $22	$25 - $65
Labor Rate Index	0.83	1.15
Sales Tax	5.5%	10.25%
Minimum Wage	$7.25/hr	$15.80/hr
LLC Filing Fee	$130	$150

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