In 2013, the average cost for installing and setting up a new in-home security system ranged from $600 to $1200, with monthly monitoring plans averaging around $30. Some plans were cheaper, with the lowest rates hovering around $15 per month, and others were significantly more expensive, topping out around $100.
The good news for homeowners is that home security providers have worked to help make home security more affordable.
Beyond this, research also shows compelling benefits to home security like risk mitigation and peace of mind, which can outweigh the costs for many people.
To help you decide if home security is right for you, we've performed a cost-benefit analysis to look at home security from all the angles.