Compared to the overall average of 30 different major cities in the United States, building materials in San Francisco were more expensive than in Chicago. Opposed this is a city like Detroit, Michigian, where the price index of building materials was slightly below the average. What this overview tries to do, then, is compare the major cities against each other and whether one was relatively more expensive than the other when it comes to construction costs. This is especially visible for installation - such as HVAC. The city of New York reached an index of 174 in May 2021, meaning installation costs here were around 74 percent higher than the average cost for the 30 cities combined. Cities found in the state of Texas made up the other end of that spectrum: Installation costs in San Antonio, Houston and Dallas were between 30 to 40 percent lower than the overall average.

This statistic depicts the construction cost relativity index worldwide as of the first quarter of 2019 (Q1 2019), broken down by select city. As of March 2019, the construction cost relativity index in Oslo amounted to 251.

In March 2024, Mumbai had the highest construction cost index at 129, while Chennai had the lowest at 124. During the presented period, the construction cost reached its peak in March 2022.

Taiwan Construction Cost Index: Bldg: Service: Labor data was reported at 123.450 1991=100 in Dec 1997. This records an increase from the previous number of 123.440 1991=100 for Nov 1997. Taiwan Construction Cost Index: Bldg: Service: Labor data is updated monthly, averaging 122.865 1991=100 from Jan 1991 (Median) to Dec 1997, with 84 observations. The data reached an all-time high of 125.550 1991=100 in Sep 1995 and a record low of 99.110 1991=100 in Jan 1991. Taiwan Construction Cost Index: Bldg: Service: Labor data remains active status in CEIC and is reported by Department of Budget, Accounting and Statistics, Taipei City Government. The data is categorized under Global Database’s Taiwan – Table TW.EA024: Construction Cost Index: 1991=100.

Building construction price indexes (BCPI) by type of building. Quarterly data are available from the second quarter of 1982. The table presents quarter-over-quarter and year-over-year percentage changes for various aggregation levels. The base period for the index is (2017=100).

CCI: Construction cost index for municipal hydraulic engineering (2020=100)

Infrastructure construction price index (ICPI). Annual data are available from 2010. The table presents data for the most recent reference period and the last four periods. The base period for the index is (2010=100).

Building construction price indexes (BCPI) by type of building. Quarterly data are available from the first quarter of 1982. The table presents data for the most recent reference period and the last four periods. The base period for the index is (2017=100).

Taiwan Construction Cost Index: GI: Materials: Miscellaneous data was reported at 120.450 1996=100 in Dec 2002. This records an increase from the previous number of 119.870 1996=100 for Nov 2002. Taiwan Construction Cost Index: GI: Materials: Miscellaneous data is updated monthly, averaging 104.780 1996=100 from Jan 1991 (Median) to Dec 2002, with 144 observations. The data reached an all-time high of 120.450 1996=100 in Dec 2002 and a record low of 95.360 1996=100 in Jul 1991. Taiwan Construction Cost Index: GI: Materials: Miscellaneous data remains active status in CEIC and is reported by Department of Budget, Accounting and Statistics, Taipei City Government. The data is categorized under Global Database’s Taiwan – Table TW.EA023: Construction Cost Index: 1996=100.

Lagos (Nigeria) was expected to be one of the cities in the world with the highest construction cost growth in 2025. Meanwhile, the construction cost in New York City (United States) was forecast to grow by *** percent that year. Paris and Zurich were the cities included in the list with the lowest forecast growth rate.

Taiwan Construction Cost Index: Building (Bldg) data was reported at 114.930 1991=100 in Dec 1997. This records an increase from the previous number of 114.240 1991=100 for Nov 1997. Taiwan Construction Cost Index: Building (Bldg) data is updated monthly, averaging 113.970 1991=100 from Jan 1991 (Median) to Dec 1997, with 84 observations. The data reached an all-time high of 116.510 1991=100 in Apr 1995 and a record low of 99.500 1991=100 in Sep 1991. Taiwan Construction Cost Index: Building (Bldg) data remains active status in CEIC and is reported by Department of Budget, Accounting and Statistics, Taipei City Government. The data is categorized under Global Database’s Taiwan – Table TW.EA024: Construction Cost Index: 1991=100.

1. New Taipei City construction engineering price index2. Unit: %3. For detailed explanations of each item, please refer to the New Taipei City price statistics monthly report (website: http://www.bas.ntpc.gov.tw/home.jsp?idODE) or contact the Directorate General of Budget, Accounting and Statistics for inquiries.

In the first quarter of 2025, San Francisco, Chicago, New York, and Honolulu were some of the U.S. cities with the highest housing construction costs. Meanwhile, Phoenix had one of the lowest construction costs for high-end multifamily homes at *** U.S. dollars per square foot and Las Vegas for single-family homes between *** and *** U.S. dollars per square foot. Construction cost disparities As seen here, the construction cost for a high-end multi-family home in San Francisco in the first quarter of 2024 was over ***** more expensive than in Phoenix. Meanwhile, there were also great differences in the cost of building a single-family house in New York and in Portland or Seattle. Some factors that may cause these disparities are the construction materials, installation, and composite costs, differing land values, wages, etc. For example, although the price of construction materials in the U.S. was rising at a slower level than in 2022 and 2023, several materials that are essential in most construction projects had growth rates of over **** percent in 2024. Growing industry revenue Despite the economic uncertainty and other challenges, the size of the private construction market in the U.S. rose during the past years. It is important to consider that supply and demand for housing influences the revenue of this segment of the construction market. On the supply side, single-family home construction fell in 2023, but it is expected to rise in 2024 and 2025. On the demand side, some of the U.S. metropolitan areas with the highest sale prices of single-family homes were located in California, with San Jose-Sunnyvale-Santa Clara at the top of the ranking.

Non-residential building construction price index (NRBCPI), by class of structure. Quarterly Data are available from first quarter 1981. The table presents data for the most recent reference period and the last four periods. The base period for the index is (2011=100).

Construction project price index (index classified by type of construction) monthly index

Taiwan Construction Cost Index: Bldg: School data was reported at 100.200 1996=100 in Dec 2002. This records an increase from the previous number of 99.870 1996=100 for Nov 2002. Taiwan Construction Cost Index: Bldg: School data is updated monthly, averaging 99.670 1996=100 from Jan 1998 (Median) to Dec 2002, with 60 observations. The data reached an all-time high of 102.030 1996=100 in Mar 1998 and a record low of 97.090 1996=100 in Dec 2001. Taiwan Construction Cost Index: Bldg: School data remains active status in CEIC and is reported by Department of Budget, Accounting and Statistics, Taipei City Government. The data is categorized under Global Database’s Taiwan – Table TW.EA023: Construction Cost Index: 1996=100.

In 2024, Mahakam Ulu had the highest construction cost index among regions in East Kalimantan, Indonesia, scoring at ******. With the current development of the Capital City of Nusantara, the construction industry in East Kalimantan is expected to see steady growth in the coming years. The Indonesian government is currently developing the Capital City of Nusantara (Ibu Kota Nusantara/IKN), located in East Kalimantan, to replace Jakarta as the national capital. Nusantara spans across portions of North Penajam Paser and Kutai Kartanegara regencies, and its full development is aimed to be completed by 2045.

Taiwan Construction Cost Index: CE: Service data was reported at 95.780 1996=100 in Dec 2002. This records a decrease from the previous number of 96.110 1996=100 for Nov 2002. Taiwan Construction Cost Index: CE: Service data is updated monthly, averaging 99.360 1996=100 from Jan 1991 (Median) to Dec 2002, with 144 observations. The data reached an all-time high of 100.270 1996=100 in Jan 1996 and a record low of 78.950 1996=100 in Jan 1991. Taiwan Construction Cost Index: CE: Service data remains active status in CEIC and is reported by Department of Budget, Accounting and Statistics, Taipei City Government. The data is categorized under Global Database’s Taiwan – Table TW.EA023: Construction Cost Index: 1996=100.

In 2023, the construction cost index in East Kalimantan, Indonesia, scored at ******. With the current development of the Capital City of Nusantara, the construction industry in East Kalimantan is expected to see steady growth in the coming years.

The Indonesian government is currently developing the Capital City of Nusantara (Ibu Kota Nusantara/IKN), located in East Kalimantan, to replace Jakarta as the national capital. Nusantara spans across portions of North Penajam Paser and Kutai Kartanegara regencies, and its full development is aimed to be completed by 2045.

In early 2024, construction costs for elementary schools in Honolulu were on average over 697.5 U.S. dollars per square foot. From the 12 cities on display here, New York and Honolulu had some of the highest construction costs for educational buildings. The construction of one square foot of elementary school space was cheapest in Phoenix. University buildings were on average the most expensive type of educational building.