What is Cost Per Square Foot?
What exactly is the cost per square foot? How is it determined? What is the cost per square foot in Teton County? These are all great questions to ask, especially before diving into your architectural project. In this article, A43 Architecture seeks to help break down the dreaded ‘cost per square foot’ (CSF).
CSF for a residential construction project is influenced by a wide range of factors including:
1. Design
Home size and layout: Larger homes often have a lower cost per square foot due to economies of scale; however, complex layouts (e.g., custom shapes, multiple stories) can increase costs.
Architectural complexity: Custom designs, high ceilings, curved walls, and unique features drive up costs.
Finish level: High-end finishes (e.g., hardwood floors, stone countertops, custom cabinetry) significantly increase costs.
2. Materials
Quality and type: The choice between basic, mid-range, and premium materials affects costs.
Supply chain: Material availability, shipping, and logistics issues can cause price volatility.
Sustainability or green materials: While eco-friendly materials can save you money in the long run, they may be more expensive upfront.
3. Labor
Local labor rates: Vary significantly by region and market demand.
Union vs. non-union labor: Union labor may increase costs but could offer higher expertise and efficiency.
Contractor expertise and reputation: More experienced or in-demand contractors often charge more.
4. Site Conditions
Topography: Steep, rocky, or uneven terrain requires more extensive grading and foundation work.
Soil condition: Poor soil may need remediation (e.g., soil compaction, pilings).
Access: Remote or difficult-to-access sites increase transport and labor costs.
Utilities: Availability of water, sewer, and electricity – installing new lines is costly.
5. Regulatory Requirements
Permitting and inspections: Time and fees vary by location.
Zoning restrictions: May require design adjustments or limit building methods.
Building codes and energy codes: Stricter codes add to costs.
Impact fees or development fees: Charged by municipalities for new construction.
6. Market Conditions
Material and labor demand: High construction activity drives up both.
Inflation: Rising costs over the project timeline.
Seasonality: Winter or rainy season builds may require more weatherproofing.
Other influences include contingency allowances for design changes or even unexpected issues. Owner decisions, changes, or upgrades during the construction phase also increase costs. So how do all of these factors affect the cost in a luxury market like Jackson, WY? Here are some helpful estimated cost ranges:
Wyoming Average (excl. site/land)
Basic/Standard homes: ~$150 /sq ft
Semi‑custom: ~$250 /sq ft
Source: Home-Cost Accurate Estimates
Jackson Hole Specific
High-end luxury builds in Teton County often land between $750 and $1,000 per square foot, with ultra-luxury reaching up to $2,500 per square foot.
Why is Jackson so much more than other towns in Wyoming? Teton County is a remote area with rugged terrain as well as high snow and seismic standards. Foundation and structural costs can escalate fast. Utility extensions often present challenges on properties. Expensive wells, septic systems, and long utility runs are often excluded from base CSF numbers. To further complicate matters, Teton County regulations are very stringent, with expensive permitting requirements. (Source: Latham Jenkins, Live Water Jackson Hole).
Build Level in Teton County Estimated $/sq ft (excl. land/site costs)
Custom/Luxury $650-$750+ (high-end materials & design)
Premium $750-$1000 (above-average finishes)
Ultra-Luxury $1000-$2500+ (top of the line finishes)
We know that these estimates can be overwhelming, especially because they are just that- estimates. We recommend that you decide early about the level of finish and how custom you want the design to be. We also recommend planning for possible site costs, including drilling, utility hookups, and septic systems. Local regulations can make or break a project, so it is important to have realistic expectations for structural, snow-load, and seismic permitting. By engaging with a local Jackson architect like A43 Architecture early means you will be prepared for the building process while fully understanding the CSF factors. Thinking about a project? Give us a call: (307) 249-8650.