The average cost per square meter for construction in the United States ranges from $120 to $400, depending on factors such as project type, location, and materials. Residential construction typically costs $120–$250 per square meter, while commercial and industrial projects often exceed $250 due to specialized requirements.

The cost variation stems from regional labor rates, material availability, and supply chain dynamics. For instance, labor costs in high-demand areas like California or New York can exceed $150 per square meter, compared to $80–$120 in regions like Texas or Florida. Material prices, influenced by global supply chain disruptions and inflation, have risen significantly since 2020. According to the National Association of Home Builders (NAHB), lumber costs increased by 25% between 2020 and 2023, directly impacting residential budgets. Commercial projects face higher expenses due to infrastructure requirements, such as fire safety systems and seismic compliance in earthquake-prone zones. The U.S. Bureau of Labor Statistics reports that construction labor productivity growth slowed to 1.2% annually in 2022, exacerbating cost pressures. Additionally, energy-efficient upgrades and regulatory compliance, such as LEED certifications, add 10–20% to project costs. Data from the U.S. Census Bureau shows that median new single-family home construction costs reached $432,800 in 2023, averaging $242 per square meter, reflecting these trends. In contrast, industrial projects in regions like the Midwest with lower labor costs and abundant materials may cost $150–$300 per square meter. Thus, the cost per square meter is highly context-dependent, driven by localized economic conditions and project complexity.