Winery Startup Cost Comparison

Syracuse, NY vs Chicago, IL

Syracuse, NY

$67,000 - $732,000

COL Index: 86.2

VS

Chicago, IL

$91,000 - $1,210,000

COL Index: 107.8

Detailed Cost Comparison

Expense Syracuse, NY Chicago, IL Difference
Business Registration & Alcohol Licenses
$2,400 - $10,000 $5,600 - $10,900 -25%
Vineyard or Grape Supply
$5,700 - $169,600 $19,600 - $587,000 -71%
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
$8,800 - $88,000 $11,500 - $115,000 -23%
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)
$17,200 - $129,300 $21,600 - $161,700 -20%
Total Estimated Cost $67,000 - $732,000 $91,000 - $1,210,000 -39%

Local Market Factors

Factor Syracuse Chicago
Cost of Living Index 86.2 107.8
Commercial Rent ($/sqft/yr) $8 - $18 $25 - $65
Labor Rate Index 0.88 1.15
Sales Tax 8% 10.25%
Minimum Wage $15.00/hr $15.80/hr
LLC Filing Fee $200 $150

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