Winery Startup Cost Comparison

Minneapolis, MN vs Chicago, IL

Minneapolis, MN

$81,000 - $1,028,000

COL Index: 109.5

VS

Chicago, IL

$91,000 - $1,210,000

COL Index: 107.8

Detailed Cost Comparison

Expense Minneapolis, MN Chicago, IL Difference
Business Registration & Alcohol Licenses
$2,000 - $10,000 $5,600 - $10,900 -27%
Vineyard or Grape Supply
$13,700 - $410,900 $19,600 - $587,000 -30%
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
$10,800 - $108,000 $11,500 - $115,000 -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)
$21,900 - $164,300 $21,600 - $161,700 +2%
Total Estimated Cost $81,000 - $1,028,000 $91,000 - $1,210,000 -15%

Local Market Factors

Factor Minneapolis Chicago
Cost of Living Index 109.5 107.8
Commercial Rent ($/sqft/yr) $18 - $45 $25 - $65
Labor Rate Index 1.08 1.15
Sales Tax 8.025% 10.25%
Minimum Wage $15.57/hr $15.80/hr
LLC Filing Fee $155 $150

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