How Much Does a Home Gym Cost on Average?

Are you wondering how much does a home gym cost? If yes, you should check out our guide right here on the prices you can expect.

If a global pandemic has taught us anything, it’s that life can change in the blink of an eye. The domino effect of drastic change is felt in almost every aspect of life, right down to your weekly workout routine.

If your exercise regime has changed from the gym to home workouts, this could be the perfect time to build yourself a great workout space from home.

But how much does a home gym cost and is it worth it? Here’s what you need to know about costs when setting up a home workout space.

How Much Does a Home Gym Cost? Breaking Down the Costs

Ideally, you should have some free space to designate a home gym setup. An empty section of your garage, basement, or outdoor patio area would work best.

Otherwise, a home gym setup could run into the thousands if you have to convert a room in your home. Already having an empty room/space could save your bottom line.

Perhaps you already have a few of the basic home gym necessities, such as dumbbells, kettlebells, and workout bands. But if you want to commit to a legitimate setup that will serve you well in the future, here’s what you need:

An Olympic Barbell

Olympic barbells range in price from as little as $100 to $1,500 and up. You want a barbell that is versatile and can be used for basic moves such as squatting, deadlifting, and benching.

A good barbell to start off with is one that offers a medium-depth knurl, which is good for gripping. Most Olympic barbells range in weight from 22-44 pounds.

A great brand for home gym setups is Rogue or Rep Fitness. Typically barbells range from $149-$255.

A Squat Rack

Also known as a power rack, this is ideal for strength training including squatting, deadlifting, and upper-body work, such as pull-ups. You want to look for a squat rack that includes a rep pull-up bar, too.

Power racks range in cost from $239-$750, depending on how basic or detailed you’d like your squat rack to be. Don’t settle for a squat rack that can handle anything less than 1,000 pounds.

Weight Plates

Weight plates also range in cost and come in very basic, raw iron form, or are coated in rubber, known as bumper plates. Bumper plates are ideal for CrossFit workouts, which include moves like overhead cleans and snatches. They are also far less noisy.

The price of weight plates can add up very quickly, so do your shopping carefully. Iron plates are usually sold at $0.89 per pound, with a standard diameter of 17.7″.

While bumper plates cost approximately $256 for a 100-pound set of plates — sold as a set of 10, 15, and 25-pound plates.

A Workout Bench

A workout bench is one of the most versatile pieces of equipment for a home gym. It can be used for nearly any kind of workout, including step-ups, chest press, box jumps, tricep dips, hip thrusts, you name it.

Most workout benches range from as little as $49,99 as sold by Amazon, up to $200, including shipping, by other brands.

Naturally, the less you pay for a workout bench, the more basic it is. The pricier versions are generally far more versatile, sturdy, and can be adjusted to suit your workout.

An Aerobic Workout Machine

These types of machines range from a rowing matching, an air or assault bike, a Ski-Erg machine, push-and-pull sled, or even just basic jump rope. They’re also known as conditioning devices which are great for calorie burning and aerobic exercise.

You can find a push-and-pull weighted sled machine for an average cost of $175, by the brand Rogue. They usually fold flat neatly, which makes for easy storage.

If you have a bit of a bigger budget, you might consider the Rogue Echo air bike, which costs an average of $775.

If you’re looking for something a little more basic, such as your standard treadmill, these tend to range in price from $500-$1,500.

Other Home Gym Necessities

Of course, no home gym would be complete without the other smaller workout paraphernalia. Creating a smaller, mini version of a gym can cost you as little as $450 in total.

For example, the standard cost of a yoga mat ranges from $10-$50, depending on the brand. A small exercise bike would set you back $100-$300, and a set of dumbbells or kettlebells, $20-$100.

Gym Flooring

If you wanted to spend a little extra and make your home gym that much more comfortable, you could consider re-flooring your chosen workout space.

It all depends on your choice of flooring. Some of the most popular flooring types include polished concrete, which ranges from $1,500-$3,800.

For something a little more affordable, there’s also carpet installation, ranging from $750-$2,500, depending on your floor space.

Rubber flooring is one of the most durable, safe, and recommended flooring materials for home gyms. This will cost you anywhere from $800-$2,300.

Ultimately, the cost of your home gym does depend on your personal workout style and the gear you need to meet your needs.

On average, you can expect to pay between $1,000 and $2,000 for all your gym gear. If you plan on putting in new flooring, ventilation, large mirrors, or a sound system, this is where it gets a little pricier.

Overall, you should budget at least $1,500 for all your gym necessities, and then expand your home gym setup as your budget and space allow.

Find Your Fitness Niche Here

There is a myriad of benefits to setting up a home gym. You can save money on a lifetime of gym membership fees, cut down your daily commute in traffic, and so much more.

If you’ve been thinking about it for some time but been caught up on wondering ”how much does a home gym cost?”, we hope this blog has helped.

If you can’t seem to find your fitness niche, or just need a little extra fitness motivation, be sure to explore our website for all the inspiration you need.