In 2023, the average cost of a social media video production will be $3000-$5000 per finished minute for a 3-minute to 5-minute video. Of course, pricing scales as high as $10,000 per finished minute according to the expertise of your creative team, the timeline of your project, the type of video you're shooting, the time and talent it takes to shoot your video, the length of your video, and the post-production your video requires. One of the best ways to determine your cost per finished minute is to identify video production companies whose work you admire and submit a request for a quote. Gather the different quotes for the total cost of your social media video and divide each by the desired length of your final video. With this information, you'll be able to accurately set expectations for your social media video budget per finished minute.