This Is How Much It Costs to Build a New House in Each State
With buying an existing home being financially out of reach for so many, some people are considering going a different route: Purchasing land and constructing a new house. But when you factor in the cost of the property, labor,...
Photo: rzoze19 (Shutterstock)
With buying an existing home being financially out of reach for so many, some people are considering going a different route: Purchasing land and constructing a new house. But when you factor in the cost of the property, labor, and materials—which have also gone up in price, thanks 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’re building, the type of materials and furnishings you plan to use, and where you live. To give you an idea of what you might end up paying in your area, here are Today’s Homeowner’s estimates of the average cost of building a new house in each state.
The cost of building a new house in each state
To rank the states for their report, Today’s Homeowner estimated the average price of building a new 2,100-square-foot spec home, excluding “the cost of a land plot and development” in each location. Using that methodology, the average cost of building a new home in the United States is $332,397, which comes out to $158 per square foot.
Here are the average costs for each state, ranked from least to most expensive:
MississippiTotal price: $287,670
Price per square foot: $137Arkansas
Total price: $288,175
Price per square foot: $137Alabama
Total price: $291,397
Price per square foot: $139Louisiana
Total price: $296,107
Price per square foot: $141North Carolina
Total price: $297,062
Price per square foot: $141Florida
Total price: $297,228
Price per square foot: $142Oklahoma
Total price: $300,673
Price per square foot: $143South Carolina
Total price: $301,079
Price per square foot: $143South Dakota
Total price: $301,739
Price per square foot: $144Tennessee
Total price: $302,204
Price per square foot: $144West Virginia
Total price: $304,383
Price per square foot: $145Georgia
Total price: $305,143
Price per square foot: $145Kentucky
Total price: $308,661
Price per square foot: $147Texas
Total price: $309,334
Price per square foot: $147Virginia
Total price: $310,815
Price per square foot: $148Kansas
Total price: $312,435
Price per square foot: $149New Mexico
Total price: $314,409
Price per square foot: $150Arizona
Total price: $317,153
Price per square foot: $151Vermont
Total price: $322,652
Price per square foot: $154Iowa
Total price: $324,620
Price per square foot: $155Michigan
Total price: $325,347
Price per square foot: $155Idaho
Total price: $326,675
Price per square foot: $156Nevada
Total price: $326,753
Price per square foot: $156Delaware
Total price: $329,212
Price per square foot: $157Wyoming
Total price: $329,590
Price per square foot: $157Indiana
Total price: $329,607
Price per square foot: $157Colorado
Total price: $330,238
Price per square foot: $157Nebraska
Total price: $332,676
Price per square foot: $158Ohio
Total price: $333,741
Price per square foot: $159Montana
Total price: $334,808
Price per square foot: $159Wisconsin
Total price: $335,299
Price per square foot: $160Maryland
Total price: $337,392
Price per square foot: $161Utah
Total price: $338,173
Price per square foot: $161Oregon
Total price: $338,532
Price per square foot: $161Pennsylvania
Total price: $339,167
Price per square foot: $162North Dakota
Total price: $340,480
Price per square foot: $162Missouri
Total price: $341,452
Price per square foot: $163Maine
Total price: $345,816
Price per square foot: $165Alaska
Total price: $348,591
Price per square foot: $166Minnesota
Total price: $352,943
Price per square foot: $168New Hampshire
Total price: $361,098
Price per square foot: $172Washington
Total price: $363,120
Price per square foot: $173California
Total price: $363,314
Price per square foot: $173Connecticut
Total price: $367,853
Price per square foot: $175New York
Total price: $371,875
Price per square foot: $177Rhode Island
Total price: $372,069
Price per square foot: $177Illinois
Total price: $380,189
Price per square foot: $181New Jersey
Total price: $387,262
Price per square foot: $184Massachusetts
Total price: $402,709
Price per square foot: $192Hawaii
Total price: $431,364
Price per square foot:$205
The full report contains additional information about the methodology used to compile this list, as well as a breakdown of the types of expenses associated with building a new home.