The average cost of installing a sump pump is $1,000, as of 2015. The price of sump pump installation and ownership is affected by a number of factors, including the type of sump pump, installation and size.
Most people install either a pedestal pump or submersible pump. Both types work similarly, but submersible pumps typically cost more than the pedestal pumps and do not last as long. However, pedestal pumps do not completely free the basement from water, as they sit on pedestals and do not turn on until there is a minimum water level present.
Installation costs may also affect the total cost of a sump pump. For instance, if concrete has to be cut before the installation can occur, that results in a higher price. Additionally, the farther water has to travel to go out of the home, the more expensive the installation is.
Extra costs may also be associated with the size of a sump pump. If a sump pump is too small, it may not be able to pump all of the water out and can run too hot, cutting down on its lifespan. A sump pump that is too large may also add to the total cost of the pump, as it may cycle on and off more than necessary.