Your budget is probably the most important factor in your choice of piano, but it's hard to make a budget when you don't know how much pianos cost. Here is some rule-of-thumb information to get you started:
Most new vertical pianos sell in the range of $3,000 to $10,000, though some higher-end ones cost two or three times that, and a few cost less. Entry-level grand pianos generally go for $5,000 to $10,000, mid-range grands from $10,000 to $30,000, and high-end grands for $30,000 to $100,000 or more. Unrestored but playable used pianos cost from perhaps 20 to 80 percent of the cost of a comparable new instrument, depending on age and condition, with 15-year-old used pianos coming in at about 50 percent. The cost of restored instruments will be discussed later. More complete and accurate information can be found in the articles on new and used pianos, and in the "Model & Pricing Guide" reference section, in the latest issue.