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.
Construction materials, installation, and composite construction cost index in the United States in 2021, by city
Index numbers are derived by comparing each individual category for a city to the national average in that category using a percentage ratio. The National Average number is the average from 30 major cities in the United States.
Supplementary notes
Index value "average of all 30 cities" equals 100. This is the base used to calculate the index value.
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Metro Denver EDC. (December 15, 2021). Construction materials, installation, and composite construction cost index in the United States in 2021, by city [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/916435/us-construction-market-cost-index-by-city/
Metro Denver EDC. "Construction materials, installation, and composite construction cost index in the United States in 2021, by city." Chart. December 15, 2021. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/916435/us-construction-market-cost-index-by-city/
Metro Denver EDC. (2021). Construction materials, installation, and composite construction cost index in the United States in 2021, by city. Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/916435/us-construction-market-cost-index-by-city/
Metro Denver EDC. "Construction Materials, Installation, and Composite Construction Cost Index in The United States in 2021, by City." Statista, Statista Inc., 15 Dec 2021, https://www.statista.com/statistics/916435/us-construction-market-cost-index-by-city/
Metro Denver EDC, Construction materials, installation, and composite construction cost index in the United States in 2021, by city Statista, https://www.statista.com/statistics/916435/us-construction-market-cost-index-by-city/ (last visited December 30, 2024)
Construction materials, installation, and composite construction cost index in the United States in 2021, by city [Graph], Metro Denver EDC, December 15, 2021. [Online]. Available: https://www.statista.com/statistics/916435/us-construction-market-cost-index-by-city/