How Much Does a Piano Cost in 2023? (Full Pricing Guide)



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Since I have been doing so much research on pianos, something about them has really drawn my attention… the costs of them. In some instances, they are INSANELY expensive. 

There are various types like upright pianos, acoustic ones and an affordable option for many – digital pianos. Each type has its own unique features and, consequently, its own price range. So, how much does a piano cost?

The average cost of a piano can be anywhere between a $300 and $300,000. It varies significantly based on several factors such as brand, condition, sound quality and whether it’s new or used.

For instance, a Yamaha or Kawai upright piano that’s still in mint condition will cost substantially more than a well-used one from Facebook Marketplace.

But don’t worry! I’m here to guide you through this potentially overwhelming process so that by the end of this article, you’ll be able to make an informed decision fitting for both your musical aspiration and budget!

Two twenty dollar bills on electric organ keyboard

How Much Does a Piano Cost?

I’ll tell you right now, it’s not going to be as straightforward as you might think. The price tag on pianos can range wildly, and there are many factors that contribute to this.

Firstly, let’s consider the types of pianos available in the market.

There are acoustic pianos which include grand and upright pianos, and then there are digital pianos. Generally speaking, an upright piano tends to be less expensive than a grand piano due to its smaller size, but you would generally need the space to fit the size of a baby grand or a grand piano.

A digital instrument like a keyboard could be a more affordable option for beginners but may lack some sound quality…. maybe.

The brand of the piano also significantly influences its cost. For instance, Yamaha and Kawai produce both high-end and budget-friendly models catering to advanced piano players and beginners respectively. You can read our Yamaha piano and keyboard reviews after you finish up here. 

Here’s something else worth noting: used or second-hand pianos can often provide you with more bang for your buck! You might find great deals on places like Facebook Marketplace or where prices depend mainly on the condition of the musical instrument.

To give you an idea, here is an estimated price range:

TypeAverage Cost
Upright Piano$3,000 – $6,500
Grand Piano$10,000 – $300,000
Digital Pianos$300 – $5,000

These prices do vary based on features offered by different brands along with other considerations we’ve discussed earlier.

So to answer the question about the cost of a piano… well… It depends!

And while it may seem overwhelming at first glance (and maybe even after), remember:

These wonderful instruments offer lifelong value that goes beyond any dollar amount.

So take your time, do your research, and find the right piano that meets your needs and budget. In fact, check out our reviews of many brands of piano’s and keyboards when you get a chance. 

Dollars on the keys of the piano, background, toned

Why are pianos so expensive?

So, why does the price tag on a piano sometimes make your eyes pop? Well, here is why…

Factors That Affect Piano Prices

Pianos, particularly acoustic and upright types, are intricate instruments that require a lot of craftsmanship. Especially precise craftsmanship.

Each one is a meticulously constructed masterpiece, often requiring hundreds of hours to build. They’re made up of thousands of parts – from the keys you tickle to the strings that resonate with every stroke.

The materials used in creating these musical marvels also factor into their cost.

High-quality woods for soundboards and cast iron for frames aren’t cheap!

When you consider the time, skill, and materials involved in building even an average-sized piano, it’s no wonder they’re pricey.

Where you buy your piano plays a role, too.

Purchasing from a reputable piano dealer may mean paying more than if you found one on Facebook Marketplace or similar platforms.

However, dealers often offer services like tuning by trained piano technicians or moving by professional piano movers – both tasks that can be risky for novices.

How much is the most expensive Piano?

For some serious music aficionados with deep pockets (or perhaps just you are just curious), there’s nothing but the best.

The CrystalRoc grand piano – encrusted with over one million Swarovski crystals – holds the current record as most expensive at $1.2 million!

But not all pianos will set you back six figures: brands like Yamaha and Kawai offer high-end models below $100k while still delivering excellent sound quality.

BrandPrice Range
CrystalRocOver $1 Million
YamahaBelow $100K
KawaiBelow $100K

How much is the cheapest piano?

On the other end of spectrum lie digital pianos – the electronic counterparts to traditional types of pianos. These digital instruments can be an affordable option for budding musicians or those on a budget.

Digital pianos vary in price depending upon brand and features.

Some entry-level models start as low as $300-$500. However, it’s important to remember that while they may be less expensive upfront, the sound quality and feel may not match that of an acoustic piano.

And trust me, the feeling makes a huge difference. But it’s one of those situations like, if you have never experienced playing on a real baby or grand piano, you don’t know what you are missing. So no biggie. 

TypeAverage Cost
Acoustic PianoHigh – $3,000 – $6,500
Digital PianoUnder $3,000

When you’re shopping for a piano – whether it’s your first or a replacement – consider what’s most important to you: the authenticity of an acoustic model or perhaps the convenience and lower cost of a digital one?

There’s no “one size fits all” answer because every player and buyer is unique with their own set of preferences!

Is it Expensive to Own a Piano?

Owning an upright or acoustic piano can indeed come with its share of costs. While the initial price tag might be the most obvious expense, there are other financial considerations that potential piano owners should keep in mind.

Piano Maintenance

One significant aspect of owning any type of piano is maintenance.

Regular tuning by a professional piano technician is key to ensuring your instrument’s sound quality remains at its peak.

Depending on where you live and how often you use your piano, you’ll likely need this service 1-2 times per year, which can set you back between $100-$200 per tuning.

Moreover, if you’re investing in an acoustic rather than a digital instrument, remember that humidity changes can affect wood instruments like pianos.

Therefore, climate control may be necessary to prevent damage from too much moisture or dryness. This is actually one expense I didn’t even think of until I did some research, but it makes sense. 

Piano Accessories

Next up? Accessories! A basic bench might come included when you buy from a piano dealer but don’t count on it being comfortable for long practice sessions or suitable for multiple users of different heights.

Adjustable benches offer more versatility and comfort but will cost extra – anywhere from $50-$200 based on quality and features.

Don’t forget about the sheet music stand either! Some digital pianos may not include one, so factor in another $10-$30 there if needed.

Moving a Piano

Lastly, we’ve got to talk about moving your prized musical instrument around. Upright pianos weigh several hundred pounds while grand models can easily tip the scales at over half a ton!

If relocating within your home isn’t too tricky (though please do take care), moving across town or further demands hiring professional piano movers for safety reasons as well as preserving your investment’s condition — they know exactly how to handle these hefty pieces without causing harm.

This service isn’t cheap: expect quotes starting around $200 and going up based on distance and difficulty.

Dollars on keyboard of piano. Earn from music.

How Much Should a Beginner Spend on a Piano?

Taking that first step into the world of music can seem like a mammoth task, especially when it comes to choosing your first instrument and you have no clue what you are doing (I’m raising my hand, too).

So, how much should a beginner spend on a piano?

For those just starting out on their musical journey or if you’re restricted by budget constraints, digital pianos often prove to be an affordable option.

They offer good sound quality comparable to an acoustic piano but at substantially lower prices – typically starting around $300 to $500 for decent models from popular brands like Yamaha or Kawai.

But why stop at just new ones? Used digital instruments also lurk around corners waiting for beginners like you! I have looked and there are TONS of them on Facebook Marketplace often listed for sale at even lower prices – sometimes under $300!

On the other hand, if an acoustic piano is what tickles your fancy then brace yourself for slightly higher expenditure.

Before making that final purchase remember – beyond the price tag lies hidden costs that we talked about earlier in this article!

Regular maintenance by a trusted piano technician is another factor to consider in long-run expenses.

Remember this: A pricier instrument doesn’t necessarily make you an advanced piano player!

It’s crucial that beginners choose a suitable instrument based not only on affordability but also keeping personal preference and practicality in mind.

What about Digital Keyboards?

Let’s switch gears and talk about digital pianos, a popular alternative to traditional acoustic or upright pianos. They’ve become quite the hit in the musical instrument scene and for good reason too.

First off, digital pianos are often seen as a more affordable option, particularly for beginners.

The price range can start from as low as $200 and go up to around $3,000 for higher-end models. Compare that to cheaper acoustic piano which can cost anywhere from $3,000 to over $10,000!

That’s why many folks opt for a digital keyboard when they’re just starting on their piano journey and I recommend you do the same. 

Don’t underestimate these instruments though; they aren’t just for novices.

Many advanced piano players also appreciate the features that come with a digital piano. For instance, brands like Yamaha and Kawai offer models with weighted keys that mimic the feel of playing an acoustic piano.

Some even have options to change the sound quality to imitate different types of pianos! Read our review of the Yamaha P-71 to learn more about that. 

So where do you find these digital keyboards?

You’d be surprised by how easy it is to get your hands on one. A quick search on Facebook Marketplace will reveal numerous second-hand options in good condition. Of course, buying new from a trusted piano dealer guarantees you’ll get an instrument in excellent shape., Amazon, and even your local pawn shop are great options as well. I like Amazon and FB Marketplace for finding deals. 

However, remember that unlike with upright or acoustic pianos, you won’t need professional piano movers or regular visits from a piano technician with a digital keyboard – just a call to the manufacturer or a YouTube video if you get stuck. 

To sum it all up, take your time when looking. Good deals pop up constantly and may not be available at the exact moment you are looking for a piano. So look, wait, and then look again. 

So… what should you do now?

One thing’s for certain, whether it’s an upright piano or a digital instrument you’re after, there are several factors to consider before making your final decision.

Firstly, I’d recommend identifying which type of piano suits your needs best as referenced earlier in this article. You can read a bunch of reviews of our pianos and keyboards right now. 

Lastly, make sure to visit local music stores or contact a trusted piano dealer who can help guide you through different models based on your budget and requirements. Don’t feel obligated to buy, but try out as many as possible until you find one that feels just right!

So there it is – my breakdown on how to navigate this exciting journey towards owning your very own musical instrument.