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Piano Buying Basics: Budget



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:

Schumann Piano


  • Most new vertical pianos sell in the range of $4,000 to $10,000, though some higher-end ones cost two or three times that, and a few cost less.
  • New small, inexpensive grand pianos generally go for $7,000 to $12,000; mid-size, mid-priced grands from $12,000 to $30,000; and high-end grands for $40,000 to $100,000 or more.
  • Unrestored but playable used pianos cost from perhaps 10% to 80% of the cost of a comparable new instrument, depending on age and condition, with 15-yearold used pianos coming in at about 50%. The cost of restored instruments is discussed below.

More complete and accurate information can be found in the articles on new and used pianos, and in the “Model & Pricing Guide" reference section, elsewhere in this issue.


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