Winery Startup Cost Comparison

Chicago, IL vs Miami, FL

Chicago, IL

$91,000 - $1,210,000

COL Index: 107.8

VS

Miami, FL

$92,000 - $1,233,000

COL Index: 128.3

Detailed Cost Comparison

Expense Chicago, IL Miami, FL Difference
Business Registration & Alcohol Licenses
$5,600 - $10,900 $2,600 - $10,000 +31%
Vineyard or Grape Supply
$19,600 - $587,000 $19,600 - $587,000 Same
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
$11,500 - $115,000 $10,800 - $108,000 +6%
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)
$21,600 - $161,700 $25,700 - $192,500 -16%
Total Estimated Cost $91,000 - $1,210,000 $92,000 - $1,233,000 -2%

Local Market Factors

Factor Chicago Miami
Cost of Living Index 107.8 128.3
Commercial Rent ($/sqft/yr) $25 - $65 $25 - $65
Labor Rate Index 1.15 1.08
Sales Tax 10.25% 7%
Minimum Wage $15.80/hr $13.00/hr
LLC Filing Fee $150 $125

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