Construction Cost Estimates for Bank in National, US
The following analysis estimates the cost to build a bank using US National Average costs from 2013 RSMeans cost data. Costs are derived from a building model that assumes basic components, using union labor for a 4100 square foot building.
Scope differences and market conditions can cause costs to vary significantly. To see an estimate of the costs to build a bank in a specific city or metropolitan area, go to our index of bank models by state.
NOTE: This cost estimate uses 2013 RSMeans data. A more accurate estimate using current RSMeans cost data is available on Construction Estimating SoftwareTry Free For 30 Days
|Bank Construction Cost Assumptions|
Bank Square Foot Cost Assuming Face Brick with Concrete Block Back-up / R/Conc. Frame
|Cost Estimate (Union Labor)||% of Total||Cost Per SF||Cost|
|Contractor Fees (GC,Overhead,Profit)||25%||$44.57||$182,800|
|Total Building Cost||$247.38||$1,014,300|
|Cost Estimate (Open Shop)||% of Total||Cost Per SF||Cost|
|Contractor Fees (GC,Overhead,Profit)||25%||$40.82||$167,400|
|Total Building Cost||$226.57||$928,900|