Construction Cost Estimates for a Bank in National, US
How Much Does it Cost to Build a Bank?
The following analysis estimates the cost to build a Bank using US National Average costs from 2019 RSMeans cost data. Costs are derived from a building model that assumes basic components, using union and open shop labor for a 4,100 square foot building.
Scope differences and market conditions can cause costs to vary significantly. To see an estimate of the costs to build in a specific city or metropolitan area, go to our index of Bank models by state.
NOTE: This cost estimate uses 2019 RSMeans data. A more accurate estimate using current RSMeans cost data is available in RSMeans Data Online.
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Bank with Face Brick & Concrete Block / Reinforced Concrete
| Cost Estimate (Standard Union Labor) | % of Total | Cost Per SF | Cost |
| SubTotal | 100% | $195.72 | $802,460.82 |
| Contractor Fees (General Conditions,Overhead,Profit) | 25% | $48.93 | $200,615.21 |
| Architectural Fees | 8% | $19.57 | $80,246.08 |
| Total Building Cost | $264.22 | $1,083,322.11 | |
| Cost Estimate (Open Shop) | % of Total | Cost Per SF | Cost |
| SubTotal | 100% | $175.43 | $719,279.25 |
| Contractor Fees (General Conditions,Overhead,Profit) | 25% | $43.86 | $179,819.81 |
| Architectural Fees | 8% | $17.54 | $71,927.93 |
| Total Building Cost | $236.84 | $971,026.99 | |
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