How Much Does a Shipping Container Cost?

Shipping container cost varies depending on the geographical location, the condition of the container, modifications, size, and the cost of delivery.

Used shipping container prices vary and are usually in the range of $1500-$5000. New or one trip containers are usually more expensive and are usually in the range of $3000-$5000. For example, a basic bare-bones used container is much cheaper than a modified, custom-designed new container. If you hire a contractor to complete all the technical work, you are looking to spend $50-$150 an hour. The total cost of completing your project through a contractor could be up to $15,000 or more. If you are handy and have experience with construction then you could probably do it for $10,000 or less. Containers are made out of corrugated steel, commonly known as COR-TEN. Depending on the cost of steel prices, availability of containers fluctuates, along with pricing. Right now, steel is widely available at a relatively low cost so there are more new containers being made. The high demand of shipping containers makes the price drop, creating an affordable building alternative.

Shipping Container Price Factors –

There are many factors that affect overall container shipping rates. They are as follows:

Age and Condition –
Storage container’s condition has a direct impact on the cost. One thing that’s helpful to know is that most storage containers were previously used as shipping containers – to ship cargo overseas – so they have a history of use and damage. Of course, older containers that have been used more heavily and have more damage will cost the least, while brand new containers lightly or never used will cost the most. It’s helpful to know that the average lifespan of a shipping container is roughly 15 years. We will use 20ft containers as a rough example. Keep in mind size is also a factor. We will ignore damaged containers and containers that are not waterproof. A 20ft Cargo Worthy Container can cost around $1850. There are a few more used condition categories but are not available in most markets. The 20ft one-trip container which is in new condition will usually go for around $3000. So basically based on condition you can spend between $1500 and $3000. Keep in mind pricing fluctuates with shipping industry market conditions; we are just using this as an example. Depending on the market they could be more or less expensive but the rations between condition types is typically consistent.

Size –
First things first, you want to figure out what size storage container you will be needing. There are two “standard” sizes – 20-foot (20’ x 8’ x 8.5’) and 40-foot. (40’ x 8’ x. 8.5’) containers. Shipping container cost increases with size and varies state-to-state.  The 40ft container is about 20%-30% more than a standard 20ft container. At Container Alliance, a used 40ft shipping container is about $1700 and a new or one trip 40ft container is about $3500. For only about an extra $200 you can upgrade your 40ft container to a "high cube" In typical markets you will find that the ratio in price on used shipping containers for sale. Note that all standard storage containers are 8 feet wide and 8.5 feet tall. However, you can customize your container if need be. For instance, some businesses find that they need extra height for their storage container (consider whether or not you need to store taller items), so they opt for a high-cube container, which adds a foot to the height at 9.5 feet tall.

Modifications and Customization –
Adding additional options such as a skylight, windows, a locking system, doors, ventilation, insulation, etc. are all going to cost you more. The more modifications you are looking for, the higher the price tag will be.

Quantity –
If you are buying more than one container, many shipping container companies will often offer a bulk discount rate so the cost per unit will be less.

Delivery –
The prices vary depending on how many containers are being delivered and how far they have to travel. The further you are from a port location, the container will cost more.

Rent or Buy? 

You have a few options when deciding how you want to pay for your container - renting, buying new, or buying used/refurbished. This decision usually relates to both budgeting and desired length of use.

Conclusion 

Overall, the cost of shipping containers for your residential or business needs is drastically less than a finished structure such as brick and mortar buildings or building a home from scratch.  These buildings need larger and more expensive foundations, along with more intensive labour. Building with a shipping container will save you on the cost of human labour. If aesthetics are not of importance, buying a new container may not be necessary, a used container can save you money. However, a new container may be desired, especially if you are building a home and want to save money on refurbishing a used container. So the choice is yours and the costs will vary depending on your requirements and the factors mentioned above.