# Meeting Cost Calculator

Created by Tibor Pál, PhD candidate
Reviewed by Dominik Czernia, PhD and Jack Bowater
Last updated: Jun 05, 2023

If you ever wondered how much does a meeting cost, use our meeting cost calculator to answer the question "How much money does a meeting cost for my business?"

You can apply the present tool to estimate the cost of a meeting or, in case of recurring meetings, you can also compute the expected time spent and total cost for a year. With these calculations, you will learn, for example, how much does it cost to rent a meeting room including both the actual cost and the potential profit loss.

## The meeting cost calculator: how much does a meeting cost?

Use the following guide to find out how much does it cost to have a meeting. As a first step, you need to choose if you would like to estimate the meeting cost for a one-time meeting or a recurring meeting.

After, in the meeting settings section, you need to set the following options.

1. Specify attendants' salaries by the average or individually.

For the average option, you need to set the average salary for the attendants. You can choose any of the following periods for the salary:

• Annual (note, that we presume that there are 2,080 working hours in a year);
• Monthly;
• Weekly (we assume 40 working hours in a week); and
• Hourly.

If you set the salaries individually, you can set them for a maximum of 10 persons independently.

1. How many people attend the meeting?

2. What is the duration of your meeting?

3. Time spent on setting up the meeting - If the meeting organizer spends some time setting up the meeting, you can add the approximate time needed.

4. Supplementary cost per meeting: you can include any cost related to the meeting; for example, you can include the cost of a zoom meeting or the cost of renting a room (is it a low-cost meeting room or a more expensive one) and the cost of used materials during the meeting.

After specifying all inputs, the meeting cost calculator will evaluate the result immediately.

## FAQ

### How much does it cost to rent a meeting room?

The average meeting room costs range between $30 and$250 in the US. If you rent the room for a whole day, the hourly price could be lower instead of a short time, but still, you may end up paying around $400 to$700 for small, low-cost meeting rooms, or $1,000 to$1,500 for larger rooms.

### How much do hotel meeting rooms cost?

On average, renting a hotel conference room starts from about $70 to$160 per hour. This means that for a standard two-hour meeting, you may pay around $140 for low-cost meeting rooms up to$320.

## Disclaimer

You should consider the meeting cost calculator as a model for financial approximation since we created the calculator for instructional purposes only. If you experience a relevant drawback or encounter any inaccuracy, we are always pleased to receive helpful feedback and advice.

Tibor Pál, PhD candidate
Calculate meeting cost for a...
one-time meeting
Meeting settings
Specify attendants' salary by...
average
Average salary
$/hour Number of attendants persons Meeting duration min Time spent on setting up the meeting min Supplementary cost per meeting$
Results
Cost of a meeting
60
\$
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