How Much Does a Piano Cost? (Complete 2024 Price Guide)

Pianos sound amazing! But a good piano can also cost a lot of money. That being said there are a lot of different types and sizes of pianos over a wide variety of price ranges. So, how much does a piano cost?

Upright pianos typically cost between $2,000 and $10,000. Baby grand pianos range from $5,000 to $20,000. Grand pianos can cost anywhere from $10,000 to over $100,000 depending on the size and quality, with an average price of $25,000.

Prices can vary greatly depending on the brand of the piano.

In this article, we’ll take a look at what impacts the prices for each type of piano. We’ll take a look at digital pianos, grand, baby grand, and electric pianos too.

And we’ll also discuss how much you should spend on your first piano and whether buying a used one is worth considering if you want lower prices without sacrificing quality.

So let’s dive in!

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Table of Contents:

What Affects Piano Prices?

Piano costs can differ significantly, contingent on a range of considerations.

The size and type of piano you choose will be the biggest factor in determining its cost. Grand pianos tend to be more expensive than upright models, but there are also digital pianos that may offer a lower price point. Additionally, age and condition play an important role in setting the price for a piano.

Older pianos may require additional maintenance or restoration before they are ready to play again, which could add significantly to their cost.

The grand piano market is fiercely competitive, with costs ranging from a few thousand dollars to in excess of one hundred thousand for top-tier models such as Steinway & Sons concert grands. Upright pianos generally have a much wider range of prices – from around $1,500 up to about $20,000 – with Yamaha GB1K Grand Pianos at the higher end of this spectrum.

Digital pianos provide another option that tends to fall somewhere between these two categories in terms of pricing; they usually start at around $400 but can go all the way up into the thousands depending on features and quality level desired by the buyer.

When shopping for any kind of piano it’s important to remember that “you get what you pay for” – meaning that cheaper instruments often come with fewer features or poorer sound quality compared with higher-priced options available on today’s market.

Conducting research in advance will help you determine the right instrument for your needs and budget.

It’s also helpful if you find out what other people have paid recently when buying similar models so you have an idea what kind of sale price might be expected when negotiating with dealers or private piano sellers alike.

Finally, make sure that whatever model you decide upon comes complete with its manufacturer’s suggested retail price (MSRP) tag still attached as this will give potential buyers an indication of how much value remains in your used instrument should you ever need or want to sell it down the road.

The price of a piano can be vastly disparate, contingent on the kind, dimension, age, and condition of the instrument. Therefore, it is essential to be knowledgeable about the various types of pianos available in order to make a wise decision when buying one.

Next, we will explore some common types of pianos and how their costs may differ from each other.

Types of Pianos (and cost differences)

Pianos come in a variety of shapes and sizes, each with its own unique sound.

Upright Pianos

Upright pianos are a type of piano that stands vertically on its legs.

They are typically smaller than grand pianos and have a more compact design, making them ideal for smaller spaces. Upright pianos come in a variety of sizes, ranging from spinet models that are just over three feet tall to console models that are around five feet tall.

The soundboard of an upright piano is located at the back of the instrument, which gives it a unique sound compared to grand pianos.

Spinet models tend to be the most affordable option, with prices starting at around $2,000 for entry-level models. Console models can range from $3,000 to $7,000 for mid-range instruments and up to $15,000 or more for high-end models.

Upright pianos with special features such as digital recording capabilities or built-in speakers may cost even more.

When shopping for an upright piano, it is important to consider not only the price but also the quality of the instrument. It is best to try out several different models before making a purchase in order to find one that has good tone and action. It is also important to consider any additional costs of piano ownership such as tuning or repairs that may be necessary over time.

In addition to purchasing an upright piano from a store or online retailer, there are also many used options available on sites such as eBay or Craigslist.

Used upright pianos can often be found at discounted prices compared to new instruments and may even come with additional accessories such as benches or music books.

However, it is important to inspect any used instrument thoroughly before making a purchase in order to ensure it is in good condition and will provide years of enjoyment.

Baby Grand Pianos

A baby grand piano is a smaller version of the traditional grand piano. It usually measures between 4 and 5 feet in length.

It’s a great choice for those who want the sound of a grand piano but don’t have the space or budget for a full-sized one. The baby grand has a shorter string length than full-scale grand pianos. This gives it a similar, but slightly different sound.

A used Baby Grand Piano can range from $2,000 to $20,000 or more. New Baby Grand Pianos can range from $5,000 to $50,000 or more. The most expensive models are made by Steinway & Sons and can cost up to $150,000 or more.

When shopping for a baby grand piano, it’s important to consider your budget and what features you need.

The main difference between a $2,000 baby grand piano and a $20,000 baby grand piano is the quality of the materials used in its construction.

A $2,000 baby grand piano will typically be made with lower-quality materials such as laminated wood, plastic parts, and cheaper hardware. A $20,000 baby grand piano will be made with higher quality materials such as solid wood, metal parts, and better hardware.

The sound of a $2000 baby grand piano will also be inferior to that of a $20,000 baby grand piano due to the lower-quality materials used in its construction. Additionally, a $20,000 baby grand piano will have more features than a $2000 one such as better action and key weighting for improved playability.

Finally, the craftsmanship of a $20,000 baby grand piano is usually superior to that of a $2,000 one due to the higher quality materials used in its construction.

In addition to the cost of purchasing a baby grand piano, there are also additional costs associated with owning one such as tuning and maintenance costs. Tuning should be done at least once every year by an experienced technician in order to keep your instrument sounding its best.

Maintenance costs will depend on how often you use your instrument and how well it is cared for over time.

Grand Pianos

Grand pianos are the largest and most expensive type of piano.

A grand piano is typically larger than a baby grand piano, with a longer string length and a larger soundboard. Grand pianos usually have three pedals, while baby grand pianos typically have two.

Grand pianos also tend to have heavier action, which allows for more control over the sound.

Baby grand pianos are generally lighter in weight and more compact, making them easier to move around. The tone of a grand piano is usually richer and fuller than that of a baby grand piano. Grand pianos also tend to be more expensive than baby grands due to their size and construction.

Baby grands are often used in smaller spaces or for practice purposes due to their smaller size and lower cost.

A used grand piano can range from $2,000 to $20,000 or more. A new grand piano can cost anywhere from $10,000 to $100,000 or more. The most expensive grand pianos can cost up to $200,000 or more.

The size of the grand piano also affects its price.

Smaller grands (under 5’6”) tend to be less expensive than larger grands (over 6’6”). The brand also affects the price; Steinway & Sons is one of the most well-known brands and their grand pianos can cost up to $150,000 or more for a new model.

Other popular brands include Yamaha and Kawai which range from $10,000 to $50,000 for new models.

The differences between a $10,000 grand piano and a $50,000 grand piano are vast. The most obvious difference is the quality of the materials used. A $50,000 grand piano will be made with higher-quality wood and metal components, resulting in a richer sound.

The action of the keys on a more expensive piano will also be smoother and more responsive.

The craftsmanship of a more expensive piano is also superior. The strings will be better tuned and the hammers will be weighted to produce a fuller sound. The soundboard of a higher-end instrument will also be made from better-quality wood, allowing for greater resonance and projection.

Finally, the warranty on a more expensive instrument is likely to be longer than that of its cheaper counterpart. This means that any repairs or maintenance needed over time are likely to be covered by the manufacturer for longer periods of time.

Digital Pianos

Digital pianos are the most affordable option and offer a wide range of features such as built-in speakers, MIDI capabilities, and more.

Digital pianos can range from a budget-friendly $200 to a more costly $2000, depending on the model and brand.

Acoustic pianos are traditional instruments that produce their sound through strings vibrating when struck by hammers activated by pressing down on keys. They require regular tuning but can provide an unparalleled level of expression for serious players or those looking for an authentic piano experience. Prices for acoustic models start at around $1000 but can reach up to tens of thousands of dollars depending on size and quality.

Electric Pianos

Electric pianos are a type of keyboard instrument that produce sound electronically.

They come in three main types:

  • those with hammers and strings like a regular piano
  • those with tines
  • those with reeds

Hammer-action electric pianos use weighted keys to simulate the feel of an acoustic piano. Tine-based electric pianos use metal tines to create sound when struck by a hammer. Reed-based electric pianos use metal reeds to create sound when air passes through them.

The sound of an electric piano is different from that of an acoustic piano.

Electric pianos tend to have a brighter, more synthetic tone than acoustic pianos, which have a warmer, more natural tone. Electric pianos also tend to be more portable than acoustic pianos due to their lighter weight and smaller size.

The average cost of an electric piano varies depending on the type and features included. Hammer-action electric pianos can range from around $500 to over $2,000, while tine-based and reed-based models can range from around $200 to over $1,000.

Overall, electric pianos are a great option for those looking for the feel of an acoustic piano without the bulk or cost associated with it. They offer a unique sound that is perfect for many genres of music and are available in a variety of price points to suit any budget.

Key Takeaway: Pianos come in a broad selection of sizes, shapes and cost brackets, from digital pianos beginning at next to nothing to grand pianos that can reach into the tens of thousands. It’s important to shop around carefully for the best instrument within your budget; investing in a good piano will pay off if music is your passion.

What is the Cheapest Piano?

Upright pianos are generally the cheapest type of piano.

They are usually made of wood and have a classic look. Prices can range from a few hundred dollars to several thousand, depending on the quality and features. Upright pianos are great for beginners, as they are relatively inexpensive and easy to learn.

They also take up less space than grand pianos, making them ideal for smaller spaces.

Digital pianos are another option for those looking for a cheaper piano. Digital pianos come in a variety of styles and prices, ranging from around $200 to a few thousand dollars.

Digital pianos offer many advantages over traditional acoustic pianos, such as portability, versatility, and the ability to connect to other devices like computers or tablets. They also often come with built-in features like metronomes and recording capabilities that make them great for practice or performance.

My favorite digital piano is this 88-weighted key digital piano from Yamaha on Amazon.

It’s an Amazon’s Choice product with a full-sized piano keyboard. The weighted keys will feel just like those on a “real” piano, and the digital sound ensures a beautifully perfect piano sound every time; no tuning needed!

Almost 6,000 near-perfect reviews can’t be wrong! And at a price currently under $500, it’s the perfect way to get a GREAT piano for a fraction of the price. And it’s totally portable too!

CLICK HERE to see the current price on Amazon.

When it comes to finding the cheapest piano, it really depends on what you’re looking for in terms of sound quality and features. Upright pianos tend to be the most affordable option, but digital pianos can offer more features at a lower price point.

It’s important to consider your budget and needs when deciding which type of piano is right for you.

How Much Should I Spend on My First Piano?

If you are just starting out and don’t have a lot of money to spend, then a used upright piano is probably your best bet. You can find used uprights in good condition for around $2,000-$3,000.

A decent used upright piano will usually be an older model but it will still sound great and be reliable.

If you have a little bit more money to spend and want something that will last longer and sound better, then you should look at mid-range uprights. These pianos typically cost between $4,000-$7,000 and offer better sound quality than entry-level models.

They also tend to have better action.

But for a first piano, I also think it’s hard to beat a good digital piano. They sound fantastic, can be moved by 1 person, and while learning, you can practice with headphones.

And if you go for an 88-weighted keyboard like this best-seller on Amazon, it will still have the look and feel of a real piano. That way when you do eventually get an acoustic piano, it will still feel the same as what you’ve been learning on.

It’s also important to try out different models so that you can find one that suits your playing style and budget. With a little research and patience, you should be able to find the perfect piano for your needs at a price that fits within your budget.

Purchasing a piano can be intimidating for first-time buyers.

It’s important to note that there are several factors that affect the price of a piano: brand name, size (upright vs grand), age (new vs used), condition (refurbished or restored), and features such as built-in recording capabilities or digital effects processors.

When determining the expense of a piano, it is essential to think about not only the initial cost but also potential upkeep and maintenance fees.

However, if budget constraints are an issue, then exploring used pianos may be worth considering.

Is It Worth Buying a Used Piano? (to save money)

For starters, you should consider the age of the instrument and its condition.

A new piano will usually come with a warranty that can cover any issues that may arise during ownership. Used pianos often lack this protection and require more upkeep than their newer counterparts, which could end up costing you more in repairs down the line.

Whereas new pianos come ready to play, used ones may require tuning or refurbishing – adding an extra cost – and depreciate faster than their newer counterparts.

Older instruments may necessitate tuning or repair prior to playing, unlike a fresh one right out of the package.

Additionally, used pianos tend to depreciate faster than their newer counterparts due to wear and tear over time – so if you plan on reselling your instrument later on down the road then investing in a new one might be wiser from an economic standpoint.

Acoustic pianos generally cost more than digital models due to their complex inner workings, which require regular maintenance such as tuning.

Digital versions are simpler in construction and therefore easier (and cheaper) to keep up with.

However, they may not provide the same level of realism that an acoustic model can offer since they don’t feature actual hammers striking strings. Advanced digital pianos have come a long way though – utilizing cutting-edge technology for sound replication that comes pretty close.

Frequently Asked Questions

Why do pianos cost so much?

Pianos are expensive due to the high-quality materials and craftsmanship required for their construction.

The soundboard, strings, tuning pins, keys, and hammers must all be carefully crafted with precision in order to create a beautiful sound. Additionally, pianos require regular maintenance such as tuning and repairs which can add up over time.

Pianos usually cost more than other instruments of comparable size or intricacy due to the meticulous craftsmanship required and upkeep needed.

How do you determine the price of a piano?

Pricing a piano is a complex process. It involves taking into account the age, condition, brand, and type of piano. The price of a piano can vary greatly depending on these factors.

Age is an important factor when determining the price of a piano. Generally, older pianos are more expensive than newer ones. This is because older pianos are often made with higher quality materials and craftsmanship than newer models.

Condition is also an important factor when pricing a piano. If the piano has been well-maintained and kept in good condition, it will be worth more than one that has not been taken care of properly.

The brand is another factor to consider when pricing a piano. Some brands are more popular than others and therefore command higher prices.

The type of piano also affects its price. Upright pianos tend to be less expensive than grand pianos, but they can still be quite costly depending on their age and condition. Digital pianos are usually less expensive than acoustic ones, but they may not have the same sound quality as an acoustic instrument.

Finally, the location where the piano is being sold can affect its price as well. Pianos in larger cities tend to cost more than those in smaller towns or rural areas due to higher demand and competition among sellers in larger cities.

In conclusion, there are many factors that go into determining the price of a piano including age, condition, brand, type, and location where it is being sold. By taking all these factors into consideration you can get an accurate estimate of what your particular piano might be worth.

How much does a decent used piano cost?

The cost of a decent used piano can vary widely depending on the condition, make, and model.

Generally speaking, you can expect to pay anywhere from $500 to $5,000 for a quality instrument in good condition. However, some higher-end models may cost significantly more than this range.

It is wise to investigate and compare prices before committing to any purchase, as costs can vary greatly from dealer to dealer or even between different locations.

But sometimes you get lucky and find someone who just wants to get rid of their piano. Maybe their kids used to play it, or maybe they inherited it when a family member passed away. And they just want it gone ASAP and aren’t interested in making money off it.


So, in this article, we learned the cost of a piano can vary greatly depending on the brand, type, and size.

Upright pianos, the cheapest of all acoustic pianos, have an average price of around $5,000 and range between $2,000 to $10,000. Baby grand pianos range between $5,000 and $20,000 with an average price of around $10,000.

Grand pianos, the most expensive type, have an average price of around $30,000 and can range from $10,000 to over $100,000.

Digital pianos are usually more affordable than acoustic pianos and have an average price of about $800, and range from around $200 to over $2,000. But above I listed a GREAT one that is currently under $500.

The good news is that no matter what your budget is, you can still get a great-sounding piano with great action. And as your skills improve and you take over the local piano bar, you can always trade up.

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