How Much Does a Home Elevator Cost?



This Freedom hydraulic elevator’s cost can be influenced by many design choices

The average cost of a home elevator should be between $19,000 and $25,000. The cost of a lift in a house can vary drastically, and if you’re in the market, it’s important to know how much you should be paying. On average, the home lift cost should be between $20,000 and $35,000. Cheaper elevators can be as little as $18,000, and the most expensive can reach a heart-stopping cost of $100,000.

At Nationwide Lifts, we know that the cost of home elevators can be a major concern when you’re considering adding a lift to your house, which is why we’ve put together this elevator cost guide, covering factors that can influence the price of your lift. Keep in mind that we also can help you find financing options to bring this cost within reach.


How Much Does a Personal Elevator Cost?


A few factors determine residential elevators’ prices, including size, style, and drive system.Take a closer look at some of the following factors that can seriously impact the cost of an elevator.

Size

First and foremost, the size of your elevator cab can drastically affect residential elevators’ and lifts’ prices. Going with a smaller cab can help keep the price down; opting for a larger cab can cost you. The average cab size for an in-home elevator is 35 inches wide by 48 inches deep. The standard size is plenty big for most people, but if you need to upgrade, be prepared to pay.

Drive System

The driving mechanism behind your elevator has a lot to do with lift elevator cost. A full-sized, traditional-powered elevator with a machine room, cables, and pit will cost significantly more than a pneumatic elevator that does not require as many moving parts, oils, or maintenance. If finances are an issue, choosing an elevator with a simpler drive system could help cut costs significantly.

Hydraulic Drive

The hydraulic drive system is a common system that powers both residential and commercial elevators. This system is popular not only because it’s quiet but also because of its incredibly smooth ride. This system is used in high-quality, luxurious elevators and is anything but cheap. If you’re looking to save money, getting an elevator with a hydraulic drive system is not the way to go. Annual maintenance is a must, and with so many moving parts, something will need to be replaced at least every other year. Installation is expensive as well, so be prepared for a high cost for this highly coveted system.

Winding Drum

An elevator with a winding drum system does not provide the silent, smooth ride that a hydraulic drive provides; however, this type of system is very dependable. If finances are tight, you can rest assured that an elevator with a winding drum system could save you a lot of money, especially on installation. The only drawback financially to this type of system is that it does require some yearly maintenance, although it’s nothing compared to a hydraulic drive system.

Style

The style and design of your in-home elevator is also a price factor. Heavy details and extra finishing aren’t cheap, so if aesthetics are especially important to you, be prepared to spend a little more. Contemporary pneumatic elevators aren’t as customizable as traditional elevators; if you don’t want to be tempted by styles and finishes, choose a contemporary tube elevator for your home.

Hydraulic Elevator

Hydraulic elevators usually require that a pit and machine room be built. They use a hydraulic arm and fluid to move the elevator cab between floors. Hydraulic elevators are typically larger and have higher weight limits. People who use a wheelchair would benefit from the large cab space and smooth ride of a hydraulic elevator. Because hydraulic elevators require a lot of construction and installation, they will fetch a higher price.

Cable Elevators?

Cable-driven elevators will in the middle of the road when it comes to pricing. Depending on if the model you choose needs a pit and/or machine room, a cable elevator in your home will cost you around $25,000. Cable-driven elevators need a track, motor, and cable system installed, which can take a while to put in.

Pneumatic Elevators?

Rising in popularity because of their price and modern look, pneumatic elevators are the most affordable home elevator option. They use vacuum technology to literally suck the elevator cab up to the next floor. The great thing about pneumatic elevators is that they are self-supporting, so they never need a pit or machine room. They can be attached to a balcony or fit through a hole in the floor, making installation quick and easy. There are models of pneumatic elevators built small enough for a single rider and others that are large enough to accommodate someone in a wheelchair.

These add-ons will add to your overall home elevator price:

  • Automated doors
  • Automated doors
  • Custom-designed shaft
  • Upscale materials or features
  • Access for more than two floors

How Much Does it Cost to Install a Residential Lift in Your House?

To determine how much it might cost to install an elevator in your home, it will help to break things down by component. These estimated elevator price ranges might give you a clearer picture of how much it will cost to install an elevator.

  • Cab: $10,000 to $50,000
  • Entry Doors: $3,00 to $5,000
  • Safety Features: $5,000 to $2,000
  • Electric Panels and Phone Installation: $500 to $2,000
  • Finishing and Décor: $300 to $1,000
  • Inspection: $50 to $200

These numbers are estimates and subject to change, but they should give you an idea of what kind of installation costs to expect.

Frequently Asked Questions


Elevators can be costly, so make sure you know exactly what you and your family require before agreeing on installation. The cost of an elevator should reflect your household’s needs.

How Much Does Elevator Maintenance Cost?

The average labor cost for elevator maintenance is about $75 to $100 an hour, with additional costs incurred if parts are needed for repairs. Most elevators need maintenance once or twice a year.

How Long Does it Take to Put In an Elevator?

This depends on how much site preparation is needed. Once a site is prepared for an elevator, a crew could be finished with installation in as few as four days. If the site needs preparation like the construction of an elevator pit, you can expect the process to take about four to five weeks from start to finish.

Are Home Elevators Safe?

Yes. As long as home elevators are used in accordance with their safety instructions and receive regular maintenance, they can be very safe. In many cases, they’re safer than stairs.

How Can I Find the Exact Cost of One of Your Affordable Home Elevators?

We’d love to provide you with a free quote detailing how much your specific project will cost! Just get in touch with us online or by phone and we’d be glad to give you all of the information you need to choose and purchase the right elevator for your house.

Average Cost of a Small Home Elevator?

While all of the factors above will contribute to the cost of your personal small home elevator, you should count on budgeting between $20,000 and $50,000 for your elevator.


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If you are looking for a customized quote or just want to ask a question, get in touch with Nationwide Lifts today to start talking to a Home Elevator expert.