The cost to make the first version of a custom social networking app like Instagram ranges anywhere from $50,000 to $80,000 (taking the average rate in Ukraine, $40 per hour). This includes services like UX/UI design, quality assurance, front-end and back-end development. To note, it is hard to specify the cost to develop a social networking app without project specifications and the presented information is just an example of the simplest social networking app.