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It depends on where you live and the build grade of the home. An insurance company uses a formulae that includes the cost of materials, The costs of labor, The quality and grade of build to come up with an average cost of build for any given territory.

This is because Materials Contractor labor and profit costs vary from place to place. For example, the cost of build for a tract home in some parts of the country might be as low as 40 dollars per square foot. While a custom home in a higher class neighborhood might run as much 900 dollars per square foot.

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Q: Approximately what does it cost per square foot to build a house?
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