How Much Does Basement Finishing Cost in New Jersey?
New Jersey pricing is above the national average. Updated for 2024.
Basement Finishing Pricing in New Jersey
In New Jersey, the average cost for basement finishing is $37,500 per project, which is 25% higher than the national average of $30,000. Most New Jersey residents pay between $18,750 and $62,500.
New Jersey has a higher cost of living than most states, which translates to higher labor rates and material costs. Urban areas within New Jersey may be even higher.
Finishing a basement transforms unused space into living area. Projects typically include framing, insulation, drywall, flooring, electrical, plumbing, and sometimes a bathroom or kitchenette.
New Jersey vs National Average
What Affects Basement Finishing Cost in New Jersey?
Scope
Basic (drywall + flooring): $15K-$25K. Mid-range with bathroom: $25K-$40K. Full build-out: $40K-$75K
Size
Average basement (600-1,000 sq ft) at $30-$75 per square foot
💡 Tips to Save on Basement Finishing in New Jersey
- 1.Address any moisture issues before finishing
- 2.Skip the full bathroom if you have one upstairs — it saves $5K-$15K
- 3.Use luxury vinyl plank instead of carpet or hardwood
- 4.Do painting and simple finish work yourself
Frequently Asked Questions
Does finishing a basement add home value?
Yes. You typically recoup 70-75% of the cost, and it adds significant livable square footage.