How Much Does a Water Tank Cost in 2020?

One way many Australians are beating the impending water crisis is by installing water tanks in their homes. It's an easy way to ensure that they have constant access to water.

If you're thinking about getting one for yourself, one of the things you have to consider is the cost. Water tank prices vary based on a few factors, so there's no easy answer to this question.

Keep reading to get a better idea of water tank costs so you can decide what type of tank you should get for your home.

Average Water Tank Cost

Average Water Tank Cost

According to this website, you'll spend between $500 and $3,000 for a water tank for your home.

Since there are many things that determine how much a water tank costs, we'll get into the details about that so you can understand where the best tank for you may fall within that range.

What Determines Water Tank Prices

These are a few of the factors that determine how much you can expect to spend on a water tank.

Determines Water Tank Prices


Water tanks are most often made out of polyethylene plastic or steel. However, they can also be made with fiberglass or out of concrete. For the most part, poly tanks are less expensive but are still durable and a great option.


As you probably already guessed, a larger tank will cost more than a smaller tank. However, it's also important to keep in mind that a larger tank is typically cheaper per gallon so it may be more cost-effective in the long run to purchase a larger tank if you find yourself needing to upgrade later.

Type of Water Tank

There are also different types of water tanks to consider. Some are designed to be filled from the water line whereas others allow you to collect rainwater. The type you choose will help determine the overall cost.

Other Costs

There are some other additional costs that go into owning a water tank that you may not be aware of. Let's quickly glance at each of these.

  • Pump
  • Additional hosing
  • Installation costs
  • Delivery costs

You also need to think about where you will put your tank and whether or not the site is ready for one. In some cases, you may need to prepare an area for your tank.

Cost to Fill a Water Tank

The last thing you have to think about before you buy your water tank is how much it will cost to fill it. This depends on the source of the water you're using. If you're collecting rainwater, you won't have to pay anything for it.

If you're using city water, you'll need to pay the normal cost per gallon to fill your tank. Keep in mind that you may get a significantly higher water bill per month if you fill the tank and then don't use it as often as you expected.

Finding the Right Tank for Your Dream Home

Now that you know how much a water tank costs and what determines it, you can go into this home improvement with your eyes open. As you can imagine, it’s easy to find the right tank for your situation and budget.

If you want to know more ways to improve your home so it's more comfortable and everything you dreamed it would be, keep reading our blog. It's packed with posts reviewing all sorts of home products and will help you decide what to do next.

Vera Watson

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