1000 square foot cost 5 500 000. Every single square foot must cost 1 part in 1000 of those 5,5 million. So you get this (Let´s call - very originally - the cost for 1 square foot "X") X = 5500000 /...
The average cost is $83 per square foot, but this number varies based on region. You also need to factor in the cost of the lot and your fixtures/appliances.
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...