Winery Startup Cost Comparison

Yonkers, NY vs Chicago, IL

Yonkers, NY

$91,000 - $1,130,000

COL Index: 132.8

VS

Chicago, IL

$91,000 - $1,210,000

COL Index: 107.8

Detailed Cost Comparison

Expense Yonkers, NY Chicago, IL Difference
Business Registration & Alcohol Licenses
$3,600 - $11,700 $5,600 - $10,900 -7%
Vineyard or Grape Supply
$15,200 - $456,500 $19,600 - $587,000 -22%
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
$12,800 - $128,000 $11,500 - $115,000 +11%
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)
$26,600 - $199,200 $21,600 - $161,700 +23%
Total Estimated Cost $91,000 - $1,130,000 $91,000 - $1,210,000 -6%

Local Market Factors

Factor Yonkers Chicago
Cost of Living Index 132.8 107.8
Commercial Rent ($/sqft/yr) $22 - $48 $25 - $65
Labor Rate Index 1.28 1.15
Sales Tax 8.875% 10.25%
Minimum Wage $16.00/hr $15.80/hr
LLC Filing Fee $200 $150

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