A typical residential elevator costs $2,000 to $60,000, depending on the floor served, the configuration of the elevator car, and other considerations. Prices include taxes, license fees, shipping and installation fees. You will pay $1,000 to $40,000 for the equipment and $1,000 to $20,000 for the installation. The price depends largely on the type, with outdoor lifts ranging from $2,000 to $10,000. There is an additional fee for each additional layer.