How Much Does an Elevator Cost?
Typical Range:
$2,552 - $5,783
Typical Range:
$2,552 - $5,783
Cost data is based on actual project costs as reported by 377 HomeAdvisor members. Embed this data
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Updated February 14, 2022
Written by HomeAdvisor.Installing a home elevator costs $2,000 to $60,000, or $30,000 on average. You’ll pay $1,000 to $40,000 for the equipment and $1,000 to $20,000 for installation. Price depends mostly on the type. An outdoor lift runs $2,000 to $10,000, while a pneumatic vacuum style ranges from $35,000 to $60,000.
Residents of multi-level homes can benefit from installing an elevator or lift, especially if you’re a wheelchair users or those planning to age in place. This project increases the total value of the property and makes it more accessible.
Average Cost | $30,000 |
High Cost | $60,000 |
Low Cost | $2,000 |
A residential elevator costs $2,000 to $60,000. This includes $1,000 to $40,000 for the cabin and equipment and $1,000 to $20,000 for installation.
Elevator Kit | $1,000 – $40,000 |
Installation | $1,000 – $20,000 |
Total | $2,000 – $60,000 |
If you want an elevator that moves more than one story, you should add $5,000 to $15,000 per floor. Most residential options assume an 84” maximum cab height and no more than four floors. Some styles, like vertical platform lifts or shaftless models, only travel two floors.
2-story | $2,000 – $60,000 |
3-story | $7,000 – $75,000 |
4-story | $12,000 – $90,000 |
With a range of $2,000 to $60,000, home elevator pricing varies significantly by type. The cheapest options usually have extra limits on installation and may not be large enough for wheelchairs.
Pneumatic | $35,000 – $60,000 |
Vertical Platform Lift | $5,000 – $20,000 |
Hydraulic | $30,000 – $50,000 |
Outdoor Lift | $2,000 – $10,000 |
Shaftless | $15,000 – $25,000 |
A residential glass elevator costs $35,000 to $60,000. Pneumatic styles use vacuum pressure to move the cab from one floor to the next. These are like the tubes and canisters you might see in a drive-through at the bank.
The cabs of pneumatic elevators are glass, which lends a modern look to the home and provides a view as passengers ride up or down between floors. They cannot be concealed easily within walls and are meant to be visible.
Cargo lift prices range from $5,000 to $20,000. This type doesn’t need a shaft, so it takes less money and time to install than other options. It’s popular among wheelchair users and homeowners who want mobility assistance without as much expense.
A motorized system moves the platform, not unlike a forklift. Most homeowners prefer this style when they only need to clear a few stairs, like they would for a split-level home.
Hydraulic elevators cost $30,000 to $50,000. These units use a hydraulic arm that physically lifts and lowers the cab.
It is relatively quiet compared to the cable models in larger apartment buildings. Most cabins are 15 square feet, large enough for multiple passengers or wheelchair users.
An outdoor elevator lift costs $2,000 to $10,000. This type operates like a vertical lift, but it’s designed for an outdoor installation.
A shaftless elevator costs $15,000 to $25,000. It’s ideal for single-person use in small spaces and can only travel up to one floor. If you’re updating an existing home, its small footprint is least likely to disrupt your floorplan. Installation requires drilling through your ceiling or attaching the unit to your home’s exterior.
Many companies specialize in building elevators and lifts for homeowners. These brands range widely in price, so you’ll need to call to get a quote:
Easy Climber
Stiltz
Otis
Lifestyle Home Lifts
LULA (Limited Use/Limited Application)
Telecab
Pneumatic Vacuum Elevator (PVE)
Inclinator
Elevator installation costs $1,000 to $20,000, depending mostly on the type. The price you pay relates to the difficulty of the project. If you need to carve out 25 to 40 square feet on each floor and build a separate shaft, you’ll spend more than if you’re simply installing equipment on the side of a staircase.
Installing the elevator includes $500 to $15,000 to get the area ready for the cabin, and $500 to $5,000 for labor. Remember that lifts usually require a lot less work, so those prices are lower.
Site Preparation | $500 - $15,000 |
Labor | $500 - $5,000 |
Optional Additional Door | $3,000 - $5,000 |
With prices up to $60,000, you may need to get financing for this project. Before you apply for a home equity loan or put it on a credit card, look for local and state grants for accessibility upgrades.
If you’re installing an elevator to address a medical need, you may be able to deduct its cost on your federal taxes. Keep in mind that medical expense deductions only apply to improvements that don’t increase your home’s value. Talk to your accountant before you proceed with the installation.
Most elevator installation prices assume that you’re building in new construction. If you’re adding one to your existing home, you may need these services:
Price to hire an architect: $2,000-$9,300
Cost to build a wall: $1,000-$2,700
Price to repair carpentry framing: $500-$1,800
Cost to install a ceiling: $900-$2,400
Price to upgrade or replace an electrical panel: $500-$1,800
Cost to install electrical wiring: $500-$2,100
Price to hire a structural engineer: $350-$700
"When you choose to add an elevator to a house, consider what could happen if you decide to sell your house. A prospective buyer may not want an elevator, so if possible, outfit the elevator with a door and trim that is similar to the other doors in your house to help it blend in."
Cati O'Keefe, Expert Home Building & Sustainability Contributor.
Replacing an elevator costs $3,000 to $65,000 if you’re putting in a new cabin of the same type. If you want to switch from a shaftless style or a vertical lift to a pneumatic or hydraulic option, you may need to add $5,000 to $10,000 more.
Commercial elevators cost $20,000 to $150,000 depending on size and type. An escalator could run up to $200,000.
Freight | $75,000 - $150,000 |
Church | $20,000 - $50,000 |
Traction | $50,000 - $80,000 |
Escalator | $100,000 - $200,000 |
A freight elevator costs $75,000 to $150,000. Unlike most residential options, this type may use cables to move. This requires an additional machine room on the ground floor for the system that controls the cables.
Installing a church elevator costs $20,000 to $50,000. This type is usually hydraulic, with a small cabin about 10 to 15 square feet. It’s popular for installation in older buildings like churches.
Traction elevators cost $50,000 to $80,000, but each floor adds to the price. It moves around 500 feet per minute, compared to 150 feet per minute for a hydraulic one. That makes it ideal for high-rise buildings.
Installing an escalator costs $100,000 to $200,000, depending on size and whether you have to retrofit. Although small systems might technically fit in a house, their footprint is usually too large. In most cases, you'd be better off with an elevator inside a home.
The cost to install a chair lift ranges from $2,000 to $15,000. This project is an affordable alternative, primarily for people who struggle to manage stairs.
Since installing an elevator is extremely complicated and requires an expert to confirm it will be safe, it’s not appropriate to DIY. A professional can ensure that all aspects of the project meet accessibility standards and your expectations. When you’re ready to find home elevator installers near you, be sure to:
Ask for experience working on accessible projects, including references.
Request an in-person consultation.
Get at least three quotes before you choose a pro.
The smallest residential elevator is a shaftless type. Meant to work in the tightest spaces, it’s usually only large enough for one person to stand. It can only travel up to one floor.
Installing an elevator takes 2 to 4 weeks for most types. Simple lifts may take 1 to 2 days.