Refrigerators can last for years, so if you haven't been in the market for one recently, you may have no idea what they cost these days. Another thing that may surprise you is that refrigerators come in different shapes, sizes and styles. So not only can you choose one that meets your needs, but you can also likely find a unit at a price point you're comfortable with. Learn more about what you can expect to pay for a refrigerator and the different options available to you.
What is the Average Cost of a Refrigerator?
The price for a new refrigerator ranges between $500 and $12,000, with an average cost of $1,500.1 How much you'll pay will depend on the style, brand and features. Generally speaking, you can estimate the cost of a new refrigerator by looking at three different categories:
1. Budget refrigerator
Budget refrigerators are basic but functional, and cost between $500 and $1,000.1 In this price range, you'll likely be looking at freezer-on-top models with no additional features, such as a built-in water tap.
2. Mid-range refrigerator
A mid-range refrigerator costs between $1,000 and $2,000.1 With this budget, you shouldn't have any issues finding a model that suits your style. In addition, you can get additional features like an ice dispenser and temperature control.
3. Luxury refrigerator
High-end or luxury refrigerators usually cost between $2,000 and $12,000.1 In this price range, you'll generally be able to get any style you want. Features may include glass doors, smart technology, quick access doors, Wi-Fi, advanced temperature control and more.
Different types of refrigerators
Besides the different price ranges, refrigerators come in different styles that can impact your overall costs.
|
Type of refrigerator1 |
Average cost1 |
|
Top freezer |
$400-$3,000 |
|
Bottom freezer |
$750-$4,000 |
|
Side-by-side |
$1,000-$10,000 |
|
French door |
$1,200-$11,000 |
|
Built-in |
$2,900-$12,000 |
Top freezer refrigerator cost
The traditional freezer-on-top style is what many people picture when they think of refrigerators. These refrigerators cost between $400 and $3,000.1 While they may lack smart technology, they have ample space and are available in various materials and colors.
Bottom freezer refrigerator cost
Bottom freezer refrigerators typically cost between $750 and $4,000.1 While this option is more expensive than refrigerators with a freezer on top, bottom freezers typically have more space and pull-out baskets with different configurations.
Side-by-side refrigerator cost
Instead of having a freezer on the top or bottom, side-by-side refrigerators have the freezer and refrigerator beside each other. This gives you equal access to both, with an average cost of $1,000 to 10,000.1 Note that the refrigerator side is typically larger than the freezer side.
French door refrigerator cost
With French door refrigerators, you have two side-by-side doors on the top and a pull-out freezer on the bottom. Since you're only opening one door at a time to access your food, you'll save energy.2 These types of refrigerators usually cost between $1,200 and $11,000.1
Built-in refrigerator cost
Installing a built-in refrigerator will cost anywhere from $2,900 to $12,000, which includes the cost of labor and the refrigerator itself.1 Built-in refrigerators can be customized to fit seamlessly into your kitchen.
Additional refrigerator costs to consider
In addition to the average price of refrigerators outlined above, there may be additional costs to consider.
Delivery costs
Most people who purchase a refrigerator will need to have it delivered. Many merchants charge a fee for delivery, but some may offer it for free. When shopping around, be sure to ask merchants about their delivery charges.
Installation fees
Many refrigerators just need to be plugged in when they arrive, but that's not always the case. If you're purchasing a refrigerator that dispenses water and ice, you may need to hire a plumber to install a water line. If you're moving the refrigerator's location, you might need an electrician to install a new electrical outlet.
Removal of the old refrigerator
If you're buying a new refrigerator, most retailers will offer to take away your old unit for free when your new one is delivered. However, if you're buying a used refrigerator directly from another person, you may need to pay someone to remove your old one.
Kitchen remodeling
If you're getting a new refrigerator because you're doing a kitchen remodel, you'll need to add in the costs of your renovation. Going this route allows you to consider more expensive options, such as a built-in refrigerator, since you're already taking on a major project.
When to get a new refrigerator
Your refrigerator is a major appliance, so you should monitor it to ensure it's in good working condition. You don't want to wait until it completely breaks down before purchasing a new refrigerator, as that could leave you without one for days or weeks. Here are some situations where you may want to consider getting a new refrigerator:
- Temperatures are no longer consistent: This may cause your food to spoil sooner.
- You're spending a lot on repairs: If you're constantly paying for repairs, it may be time to buy a new refrigerator.
- The age of your refrigerator: If your refrigerator is at least 10 years old and needs repair, it's a good idea to buy a new one.1
- You're updating your kitchen: When doing renovations, some homeowners choose to upgrade their appliances at the same time.
The bottom line: Is a new refrigerator right for you?
While the refrigerator you have now may still work, there's no denying that features like digital screens, smartphone compatibility and an ice/water dispenser are appealing. These extra options could be considered a luxury, but if you use your refrigerator every day, you might as well enjoy it.
If you're looking to finance your new refrigerator, the Synchrony HOME™ Credit Card offers 6 months of promotional financing on purchases of $299 or more, wherever the card is accepted. You can also get promotional financing ranging from 12 to 60 months on qualifying purchases at select Synchrony HOME participating locations.
* Subject to credit approval. Minimum monthly payments required. Promotional financing offers available at the time of purchase may vary by location. See store for details.