Winery Startup Cost Comparison

Boulder, CO vs Chicago, IL

Boulder, CO

$98,000 - $1,306,000

COL Index: 148.2

VS

Chicago, IL

$91,000 - $1,210,000

COL Index: 107.8

Detailed Cost Comparison

Expense Boulder, CO Chicago, IL Difference
Business Registration & Alcohol Licenses
$2,200 - $10,000 $5,600 - $10,900 -26%
Vineyard or Grape Supply
$20,200 - $606,500 $19,600 - $587,000 +3%
Winemaking Equipment
$20,000 - $200,000 $20,000 - $200,000 Same
Barrels & Storage
$5,000 - $80,000 $5,000 - $80,000 Same
Tasting Room Build-Out
$13,200 - $132,000 $11,500 - $115,000 +15%
Bottles, Labels & Packaging
$3,000 - $30,000 $3,000 - $30,000 Same
Winery Insurance (Annual)
$5,000 - $25,000 $5,000 - $25,000 Same
Working Capital (12 Months)
$29,600 - $222,300 $21,600 - $161,700 +37%
Total Estimated Cost $98,000 - $1,306,000 $91,000 - $1,210,000 +8%

Local Market Factors

Factor Boulder Chicago
Cost of Living Index 148.2 107.8
Commercial Rent ($/sqft/yr) $28 - $65 $25 - $65
Labor Rate Index 1.32 1.15
Sales Tax 9.045% 10.25%
Minimum Wage $14.42/hr $15.80/hr
LLC Filing Fee $50 $150

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