GITNUX MARKETDATA REPORT 2024

Statistics About The Average Furnace Cost

The average cost of a new furnace installation in the United States ranges from $2,500 to $7,500, with an average cost of around $4,000-$5,000.

Last Updated: June 23, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we will explore a comprehensive overview of furnace costs in the U.S. and Canada, covering installation, replacements, repairs, and maintenance. From average installation prices to lifetime cost considerations, we will delve into the key statistics that homeowners should be aware of when dealing with furnace expenses.

Statistic 1

"The average cost of a furnace installation in the U.S. is about $4,392."

Statistic 2

"The average replacement cost without installation for a home furnace is about $2,250 to $3,800."

Statistic 3

"For a top-of-the-line furnace, the average cost can reach up to $12,000."

Statistic 4

"On average, the cost of a home furnace installation can vary between $2,530 and $6,254 depending on the complexity of the install."

Statistic 5

"Average cost for a new furnace in Canada is between $3,800 and $5,000."

Statistic 6

"The average lifetime cost of a furnace, including maintenance and repairs, can range from $15,000 to $20,000."

Statistic 7

"On average, an oil furnace can cost between $1,000 to $3,500."

Statistic 8

"The average cost for a furnace repair can range between $130 and $500."

Statistic 9

"The average cost of a high-efficiency propane furnace costs about $600 more than a standard model."

Statistic 10

"The average cost of a gas furnace can range from $2,500 to $3,500."

Statistic 11

"The average life expectancy of a furnace is between 15 and 20 years."

Statistic 12

"Owners can expect to pay an average of $125 to $350 for furnace repair."

Statistic 13

"Natural gas furnaces can cost between $2,800 to $4,500."

Statistic 14

"The average replacement cost for a furnace measuring 60,000 BTU could range from $1,400 to $2,500."

Statistic 15

"The cost of transforming a propane furnace to natural gas ranges from $500-$1500, on average."

Statistic 16

"A modulating furnace can cost between $1,200 to $3,500 on average."

Statistic 17

"The average yearly furnace maintenance cost is around $80 to $150."

Statistic 18

"The average cost for ductwork installation, which can be an additional cost when installing a furnace, is between $1,800 and $3,300."

Statistic 19

"Replacing an old furnace with a new high-efficiency model can save homeowners $200-$400 per year on heating costs on average."

In conclusion, the statistics presented highlight the wide range of costs associated with furnace installation, replacement, maintenance, and repairs in both the U.S. and Canada. Costs can vary significantly based on factors such as the type of furnace, complexity of the installation, and the level of efficiency. Homeowners should carefully consider these cost ranges when budgeting for a new furnace or furnace-related expenses, taking into account potential savings from high-efficiency models and the long-term maintenance and repair costs associated with furnace ownership.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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