Here’s How Much It Costs to Build a New House in Each State

Posted on by

Since buying an existing home is not financially affordable for many, some people are considering going the other way: buy land and build a new home. But when you factor in the cost of property, labor and materials, which have also risen in price due to supply chain issues and inflation, building a new home is unlikely to be cheaper, at least according to a new report from Today’s Homeowner .

Of course, a lot depends on the size of the house you are building, the type of materials and furniture you plan to use, and where you live. To give you an idea of ​​how much you might end up paying in your area, here are Today’s Homeowner estimates for the average cost of building a new home in each state.

The cost of building a new house in each state

To rank the states for its report, Today’s Homeowner estimated the average cost of building a new 2,100-square-foot home, excluding “land and building costs” at each location. Using this methodology, the average cost to build a new home in the United States is $332,397, which works out to $158 per square foot.

Here are the average costs for each state, ranked from least to most expensive:

  1. Mississippi Total cost: $287,670 Price per square foot: $137
  2. Arkansas Total cost: $288,175 Price per square foot: $137
  3. Alabama Total cost: $291,397. Price per square foot: $139.
  4. Louisiana Total cost: $296,107. Price per square foot: $141.
  5. North Carolina Total cost: $297,062. Price per square foot: $141.
  6. Florida Total cost: $297,228. Price per square foot: $142.
  7. Oklahoma Total cost: $300,673. Price per square foot: $143.
  8. South Carolina Total cost: $301,079. Price per square foot: $143.
  9. South Dakota Total cost: $301,739. Price per square foot: $144.
  10. Tennessee Total cost: $302,204. Price per square foot: $144.
  11. West Virginia Total cost: $304,383. Price per square foot: $145.
  12. Georgia Total cost: $305,143 Price per square foot: $145
  13. Kentucky Total cost: $308,661. Price per square foot: $147.
  14. Texas Total cost: $309,334 Price per square foot: $147
  15. Virginia Total cost: $310,815. Price per square foot: $148.
  16. Kansas Total cost: $312,435. Price per square foot: $149.
  17. New Mexico Total cost: $314,409. Price per square foot: $150.
  18. Arizona Total cost: $317,153 Price per square foot: $151
  19. Vermont Total cost: $322,652. Price per square foot: $154.
  20. Iowa Total cost: $324,620. Price per square foot: $155.
  21. Michigan Total cost: $325,347. Price per square foot: $155.
  22. Idaho Total Cost: $326,675 Price per square foot: $156.
  23. Nevada Total cost: $326,753. Price per square foot: $156.
  24. Delaware Total cost: $329,212. Price per square foot: $157.
  25. Wyoming Total cost: $329,590. Price per square foot: $157.
  26. Indiana Total cost: $329,607. Price per square foot: $157.
  27. Colorado Total cost: $330,238. Price per square foot: $157.
  28. Nebraska Total cost: $332,676. Price per square foot: $158.
  29. Ohio Total cost: $333,741. Price per square foot: $159.
  30. Montana Total cost: $334,808. Price per square foot: $159.
  31. Wisconsin Total cost: $335,299. Price per square foot: $160.
  32. Maryland Total cost: $337,392. Price per square foot: $161.
  33. Utah Total cost: $338,173 Price per square foot: $161
  34. Oregon Total cost: $338,532 Price per square foot: $161
  35. Pennsylvania Total cost: $339,167. Price per square foot: $162.
  36. North Dakota Total cost: $340,480. Price per square foot: $162.
  37. Missouri Total cost: $341,452 Price per square foot: $163
  38. Maine Total cost: $345,816. Price per square foot: $165.
  39. Alaska Total cost: $348,591. Price per square foot: $166.
  40. Minnesota Total cost: $352,943. Price per square foot: $168.
  41. New Hampshire Total cost: $361,098. Price per square foot: $172.
  42. Washington Total Cost: $363,120. Price per square foot: $173.
  43. California Total cost: $363,314. Price per square foot: $173.
  44. Connecticut Total cost: $367,853. Price per square foot: $175.
  45. New York Total cost: $371,875. Price per square foot: $177.
  46. Rhode Island Total cost: $372,069 Price per square foot: $177
  47. Illinois Total cost: $380,189. Price per square foot: $181.
  48. New Jersey Total cost: $387,262. Price per square foot: $184.
  49. Massachusetts Total cost: $402,709. Price per square foot: $192.
  50. Hawaii Total cost: $431,364. Price per square foot: $205.

The full report contains additional information on the methodology used to compile this list, as well as a breakdown by type of cost associated with building a new home.

More…

0
Housing

Leave a Reply