There are thousands of ideas for furnishing your living room, but not all of them are within your budget.
So, how much does it cost to furnish a living room?
The cost of furnishing a living room varies widely depending on the styles you might choose, the quality of the items, and the location you buy the items from.
To furnish an average living room, it usually costs anywhere from $10,000-$20,000. A high-end living room can cost around $30,000-$50,000, while a low-budget living room will generally cost $5,000-$6,000.
The price within a level of décor will usually differ due to the quality of the items.
The living room is the central hub of the room that every person in the home uses, primarily for gatherings.
Depending on your house’s etiquette, it can be a place for your family to watch TV, host get-togethers and events, or enjoy the morning coffee while the sun shines through the windows.
Either way, it is an integral part of your home, offering everyone a shared space to spend time together.
As interior décor experts, we will guide you with the cost of furnishing your living room and how you can get the most out of it with the minimum amount.
What Do I Need to Furnish a Living Room?
Before we can talk about how much it actually costs to furnish a living room, it is vital to identify what you need in order to furnish a living room. This can include:
- Sofa set
- Chairs
- Center rug
- Coffee table
- Table lamps
- Console table
- Mirror
- Curtains
- Floor lamps
- Cushions
- Television
- Artwork
- Accessories
These are the standard items you can find in a living room. You might not need all of them, so don’t worry about totaling the cost of each item just about now.
On the other hand, you might need some extra items that can significantly up the furnishing cost also.
Cost of Furnishing a High-End Living Room
A high-end living room usually has most items customized according to a theme and color palette.
So count in a customized sofa set, customized set of chairs, and personalized drapes.
Besides that, a high-end living room is incomplete without unique items, which means you will have exclusivity dealing with the most exquisite items to decorate your living room.
Moreover, you will need original artwork to pop up the creativity and diversity of the room.
Lighting is one of the essential parts of furnishing the living room. It can make or break the appearance, no matter the quality and richness of everything else you gathered.
A high-end living room should have four light sources, so it has all layers of lighting to illuminate the area most beautifully.
It is best to always start from the biggest and most essential items, such as sofa sets, rugs, and coffee tables, then move on to decorations and accessories to keep the cost in check.
Furnishing a high-end living room can cost anywhere between $30,000 – $50,000. Here is the breakdown of the things that will make up your bill.
| Item | Cost |
| Sofa | $12,000 |
| Chair (2) | $3,500 |
| Coffee Table | $1,500 |
| Side Tables (2) | $1,500 |
| Table lamps (2) | $1,000 |
| Rug | $7,000 |
| Floor lamp | $1,500 |
| Chandelier | $3,000 |
| Pillows | $1,500 |
| Drapery | $4,000 |
| Console | $2,000 |
| Accessories | $2,500 |
| Total Cost | $41,000 |
Cost of Furnishing a Moderate Level Living Room
A moderate living room still has some custom-made items, but you will need to talk with your designer and find some readily available items to cut costs.
For example, you can have a semi-custom sofa set and pair of matching drapes with it.
Furnishing a moderate living room can cost anywhere between $10,000 – $20,000. Here is the breakdown of the things that will make up your bill.
| Item | Cost |
| Sofa | $6,500 |
| Chair (2) | $2,000 |
| Coffee Table | $800 |
| Side Tables (2) | $500 |
| Table lamps (2) | $200 |
| Rug | $1,500 |
| Floor lamp | $300 |
| Chandelier | $900 |
| Cushions | $500 |
| Drapery | $1,000 |
| Console | $800 |
| Art | $500 |
| Accessories | $1,000 |
| Total Cost | $16,500 |
Cost of Furnishing a Low-Budget Living Room
Do you still find the price of furnishing a living room squeezing your pockets? Don’t worry, as there are several ways to cut down costs and still have a living room you can be proud of.
The key is to spend more on the basic necessities of a living room and ensure that they are durable, so you don’t end up spending more on repairing and maintenance or replacing them after a few years.
For example, get a readily available sofa set with a high-quality wood frame that will last up to 20 years.
You can get tables, lamps, art pieces, etc., from eBay or Ikea, but make them appealing by following a theme and color palette.
Furnishing a low-budget living room can cost anywhere between $5,000 – $6,000. Here is the breakdown of the things that will make up your bill.
| Item | Cost |
| Sofa | $3,500 |
| Chair (2) | $500 |
| Coffee Table | $100 |
| Side Tables (2) | $100 |
| Table lamps (2) | $50 |
| Rug | $300 |
| Floor lamp | $50 |
| Chandelier | $150 |
| Cushions | $75 |
| Drapery | $500 |
| Console | $75 |
| Art | $75 |
| Accessories | $150 |
| Total Cost | $5,625 |
Why Is It So Expensive to Furnish a Living Room?
Decorating and furnishing your living room is usually more expensive than other rooms, as it is typically the biggest area inside the house.
The costs add up quickly as many things are required to fill up various aspects of the room, such as seating, lighting, flooring, décor, etc.
Fortunately, it is in your hands to reduce the price of furnishing your living room. It mainly depends on three main attributes: quality, standard, and designer.
The quality depends on many things. Where is the raw material from? Is the item handcrafted or machine-made?
How well is the item built? More durable products are also more expensive.
Besides that, the standard you want for your living room impacts the price heavily. The price will go higher for a better standard.
Some living room items available in the market are unique, and vendors only sell them to particular designers.
This limits their access to the general public and gives a sense of exclusivity.
If you are looking for anything like that, you will probably have to loosen the purse strings.
You can save a lot of money if you decorate the area yourself. However, not everyone is so creative or doesn’t have the time.
Shall, you choose to hire a designer, you will incur not only the designer rates but also the costs of products and items they will suggest and buy for you.
Summing Up the Cost of Furnishing Living Rooms
Fully furnishing a living room tends to be somewhat expensive, as it is one of the most used rooms in the home and needs quite a few bigger pieces as well. On average, however, you can expect to purchase sets for around $10,000 – $20,000.
This can obviously be higher or lower depending on what type of pieces you want and how big your room ends up being. Happy shopping!
