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We spent $80,000 to install a new elevator in the old 2 story high school here, new construction off the end of the old building, no elevator previously.It was in two years until the new school was completed and they auctioned off the contents of the old school. Elevator sold for $1700.84. We spent $80,000 to install a new elevator in the old 2 story high school here, new construction off the end of the old building, no elevator previously. It was in two years until the new school was completed and they auctioned off the contents of the old school.
Best Answer: An average elevator cost is about 15000-$25000 but that is without the instillation costs and maitnence. So you might want to put that into considersation. they need to be throughally inspected every year and installed which is very pricy.But i hoped i helped. good luck with your project!est Answer: An average elevator cost is about 15000-$25000 but that is without the instillation costs and maitnence. So you might want to put that into considersation. they need to be throughally inspected every year and installed which is very pricy. But i hoped i helped. good luck with your project!