Question: how much does it cost to replace ceiling tiles with drywall?
Answer: Drywall panels cost between $40 and $60 per panel. Most drywall panels measure 4X8' or 32sf. Therefore, on average, a 140sf ceiling would require five panels and cost you roughly $250 for materials alone. Add $1.50/sf - $3.00/sf for labor and you get your total drywall ceiling cost.