We recently purchased a new washer and dryer during our laundry room renovation and were shocked by how expensive they were. Unfortunately, like most items in the last year, the cost of a new washing machine and dryer has increased.
After our initial sticker shock, we did a lot of research to find out how much a new washer and dryer cost, the average price, and how much we should spend for our units. In this post, we’ll detail our research and what you can expect to spend on a new washer and dryer this year.
The average price of a new washing machine + dryer is $1,500
The cost of upgrading to a new washing machine–dryer combination this year is likely to be quite substantial. The average price of a new washer and dryer will be around $1,500.
This represents quite an investment for any household, and anyone considering a purchase should consider all the features available.
It’s worth researching the various models on offer to compare prices and what they include; consumers should also consider energy-efficient models to reduce electricity bills in the long run. A smart purchase now could save you big on running costs over time.
The cost of a new washing machine & dryer has increased by 20% in the last 2 years
The cost of a new washing machine and dryer set is determined by several different factors, including the price of parts and labor costs. This year, because of increased materials costs, many companies have realized that they must pass these additional costs to the consumer.
In the last two years, the cost of a new washing machine and dryer set has risen over 20%. If you’re looking for a new washer and dryer this year, it would be wise to keep an eye on industry developments to take advantage of any deals or price drops that may present themselves throughout the year.
The most expensive washing machine + dryer on the market is $10,000+
When it comes to washing machines and dryers, there is no shortage of options on the market. However, the most expensive combination available to consumers will cost them a whopping $10,000 dollars.
This extraordinary price is only reserved for top-of-the-line models that come with premium features like quick cycles, noise reduction technology, and more. For $10,000, we found this 24″ Washer and Dryer pair by Miele, the famed kitchen appliance maker.
While it might not be feasible for the average consumer to spend this kind of money on a home appliance, high-end homeowners who want the best are willing to pay.
The least expensive washing machine and dryer on the market is $400
One of the more affordable models on the market today is this $400 combination portable unit. This unit is great for smaller spaces like apartments or dorms or if you’re looking for a cheaper option.
While this unit likely wouldn’t be great for the long term, it is a good temporary option for anyone wanting an inexpensive washer and dryer.
Energy-efficient models will cost more upfront but save you money in the long run
Investing in energy-efficient models for your appliances is an incredibly smart decision for those looking to save money in the long term. The initial cost of purchasing these models may be slightly more expensive. Still, over a short period of time, you will experience reduced utility expenses – making it well worth the investment.
Additionally, these appliances are designed to be highly efficient, meaning they use less energy and can last multiple years longer than their counterparts. With better efficiency comes more efficient performance and fewer repairs or replacements along the way.
It’s clear that purchasing energy-efficient model fixtures and appliances may cost a little more initially. Still, in the long run, it will lead to substantial savings – allowing you to reap significant financial benefits.
You can save money by buying a used washing machine + dryer
When purchasing a washing machine and dryer, you can save money by buying used models. However, be certain to check the warranty coverage before proceeding. Many warranties don’t extend to used items and may not cover repair or replacement costs if something goes wrong.
Additionally, it’s important to ensure the washer and dryer are functioning properly since there are no refunds for secondhand purchases. Taking the time to find used items with warranty protection is an effective way to get the most value from your purchase.
How Much Our Washer & Dryer Cost?
During our laundry room renovation, we had to move our 11-year-old washing machine and dryer to tile the floor. After lugging both units out of the room, we decided it was the perfect time to replace them.
After hours of research, we decided on a new LG TurboWash 360 Smart Wi-Fi High-Effeciency Washer and Dryer that cost $1,996.02 with installation and haul away for the old units.
While this cost is above the average mentioned in this article, we appreciated that these units had features like Wi-Fi push alerts when laundry is done, multiple cycles, and a large capacity. We also decided on front-loading units, despite originally wanting top-loaders. You can read our comparison of front and top-loading machines here to find out why.
The average price of a new set in 2023 is $1,500, an increase of 20% in the last two years. If you are looking for the best bang for your buck, energy-efficient models will cost more upfront but save you money in the long run.
You can also save money by buying a used washing machine and dryer, but be sure to check for warranty coverage first.