Winery Startup Cost Comparison

Laredo, TX vs Chicago, IL

Laredo, TX

$67,000 - $750,000

COL Index: 84.8

VS

Chicago, IL

$91,000 - $1,210,000

COL Index: 107.8

Detailed Cost Comparison

Expense Laredo, TX Chicago, IL Difference
Business Registration & Alcohol Licenses
$2,000 - $10,000 $5,600 - $10,900 -27%
Vineyard or Grape Supply
$6,500 - $195,700 $19,600 - $587,000 -67%
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
$8,200 - $82,000 $11,500 - $115,000 -29%
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)
$17,000 - $127,200 $21,600 - $161,700 -21%
Total Estimated Cost $67,000 - $750,000 $91,000 - $1,210,000 -37%

Local Market Factors

Factor Laredo Chicago
Cost of Living Index 84.8 107.8
Commercial Rent ($/sqft/yr) $10 - $20 $25 - $65
Labor Rate Index 0.82 1.15
Sales Tax 8.25% 10.25%
Minimum Wage $7.25/hr $15.80/hr
LLC Filing Fee $300 $150

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