How Much Does It Cost To Install An Elevator?

$22,500

(Cable-Driven Elevator)
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Elevator Installation Costs

Indoor Cost Guides      Elevators      Elevator Installation Costs

There are different types and sizes of elevators available, which will also affect the cost of installation. There are three different options to choose from, including two

Hydraulic and pneumatic elevators are the most common types installed in residential applications. The latter is much easier to install and can cost as much as $20,000 less than hydraulic elevators, which have a high average price range of around $50,000. Residential building codes limit sizing to 18 square feet for in-home elevator installation. For hydraulic elevators, this means you would need to be able to block off a five-square foot area for the unit to be built into the home.

While they are more affordable, pneumatic elevators aren’t built into the home. They are placed in an open area that is accessible, but they also usually only take up about a three-foot by four-foot space. There are larger models available, and these elevators often have weight limits of up to 500 pounds.

The cheapest and easiest way to install an elevator in the home is to do it during the initial construction process. This allows for the ideal placement of the shaft and provides more options for fitting the unit into the home. The biggest expense associated with retrofitting an elevator into an existing home is the amount of labor involved to make a space for it.

Hydraulic elevator installation: mid-range elevator model, either new construction or retrofitted in existing construction

Item Cost
Elevator Unit $25,000
Installation Labor $20,000-$30,000
Total Cost $45,000-$55,000

 

Pneumatic elevator installation: mid-range elevator model.

Item Cost
Elevator Unit $15,000
Installation Labor $10,000-$25,000
Total Cost $25,000-$40,000

 

Cable-driven elevator installation: mid-range elevator model, new construction.

Item Cost
Elevator Unit $10,000
Installation Labor $10,000-$15,000
Total Cost $20,000-$25,000

Other considerations and costs

  • If excessive demolition, construction, or other retrofitting is required, the cost of hydraulic installations could easily go up to $100,000.
  • Permit fees, inspections, and taxes are not included in this estimate.
  • Shaftless elevator models will require much less additional construction or installation, making them more affordable.

Check out our guide if you need a loan for your home improvement project.

DIY considerations

  • Installing an elevator in the home is not a cheap job. It is also not one that is suitable for DIY projects, as it requires meeting strict building codes and proper installation for safe and effective use.

References

  • Craftsman Estimator Costbook, complete series year 2019.
  • Latest prices found on Home Depot and other vendor Web sites.
  • Literature review of DIY Web sites.
How much does it cost to install an elevator in your city?
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Cost by city

(Cable-Driven Elevator)
  • New York, NY$36,143
  • Bronx, NY$29,700
  • Brooklyn, NY$24,754
  • Philadelphia, PA$30,881
  • Washington, DC$26,797
  • Atlanta, GA$24,244
  • Miami, FL$22,050
  • Fort Lauderdale, FL$23,098
  • Minneapolis, MN$27,096
  • Chicago, IL$31,570
  • Houston, TX$32,563
  • San Antonio, TX$21,859
  • Austin, TX$24,751
  • Denver, CO$20,912
  • Phoenix, AZ$22,063
  • Las Vegas, NV$24,216
  • Los Angeles, CA$27,285
  • San Diego, CA$24,760
  • San Jose, CA$29,907
  • Seattle, WA$21,896

Local costs have been calculated by accounting for labor and material cost differences across different cities. To get accurate cost estimates, indicate yours: