How Much Are Banjos? Everything You Need to Know Before You Buy!

Photo of author

If you’re curious about how much banjos cost, you’re in the right place. As a musician, I know firsthand how difficult it can be to figure out the cost of instruments, and I want to help you make an informed decision. In this article, I’ll discuss the different types of banjos and the price ranges for each. I’ll also provide tips on how to get the best deal on your purchase. By the end, you’ll have a better understanding of how much banjos cost and how you can find the perfect instrument for your needs.

Types of Banjos

Types Of Banjos

Open-Back Banjos

Open-back banjos are the most common type of banjo, usually having a wooden rim and a resonator. They are the traditional choice for bluegrass, old-time, and folk music. Open-back banjos are typically the most affordable type of banjo.

Resonator Banjos

Resonator banjos have a metal resonator, usually made of brass or aluminum, mounted on the back of the instrument. This gives the banjo a louder and brighter sound, making it a better choice for larger venues. Resonator banjos are more expensive than open-back banjos.

Electric Banjos

Electric banjos are the most modern type of banjo, featuring built-in pickups and an amplified sound. These instruments are perfect for playing in loud environments, such as festivals and rock concerts. Electric banjos are the most expensive type of banjo.

Factors Affecting Banjo Price

Factors Affecting Banjo Price


Brand and reputation play a big role in the price of a banjo. Popular brands like Gibson, Deering and Gold Tone can cost several thousand dollars, while lesser-known brands may cost only a few hundred.


The materials used to make a banjo are another factor that can increase the price. High-end banjos are made of quality hardwoods like walnut or maple, while lower-end banjos may be made of cheaper woods like pine.


The quality of the components and craftsmanship of the banjo also affect the price. Higher quality banjos with better parts and construction will cost more, while lower quality banjos may be much cheaper.


Accessories like cases, straps, picks, and strings can also add to the price. Many banjos come with accessories included, while others may require you to purchase them separately.

Average Prices of Banjos

Average Prices Of Banjos

  • Entry-level banjos: $350 – $700
  • Intermediate banjos: $700 – $1,000
  • High-end banjos: $1,000 – $2,000
  • Professional banjos: $2,000 and up

Banjos come in many different styles, materials and price points. Entry-level banjos are generally the most affordable, ranging from $350 to $700. Intermediate banjos are slightly more expensive, ranging from $700 to $1,000. High-end banjos can range from $1,000 to $2,000. Professional banjos and custom-made banjos can cost upwards of $2,000.

1. Open-Back Banjos

1. Open-Back Banjos

  • Open-back banjos are the most popular type of banjo, and the least expensive.
  • They usually have a thin, wooden rim and a thin, metal tension hoop.
  • Open-back banjos usually have a single head and a smaller neck.
  • The cost of an open-back banjo can range from $100 to $1000, depending on the quality and features.
  • Open-back banjos are ideal for beginners and for playing folk, bluegrass, and old-time music.

2. Resonator Banjos

2. Resonator Banjos
Resonator banjos are known for their bright sound and have a metal resonator attached to the back of the body. This type of banjo is usually used in traditional bluegrass music. The resonator helps to project the sound, making it louder than other types of banjos. Resonator banjos are usually more expensive than open-back banjos and range in price from around $500 to over $1000.

3. Electric Banjos

3. Electric Banjos

  • Typically range from $400 – $1,000
  • Electric banjos usually feature a solid body, with a single bridge pickup, and a volume and tone control
  • Can be plugged into an amp, allowing for a variety of sounds and tones
  • Electric banjos are popular among modern bluegrass and country musicians

Where to Buy Banjos

Where To Buy Banjos

  • Retail Stores
    • Local music stores
    • Guitar centers
    • Online retailers
  • Second Hand Shops
    • Thrift stores
    • Antique stores
    • Local classifieds
  • Online Marketplaces
    • eBay
    • Amazon
    • Craigslist
  • Private Sellers
    • Musical instrument forums
    • Facebook Marketplace
    • Local music circles

Maintenance and Care of Banjos

Maintenance And Care Of Banjos
Banjos are intricate instruments that require proper maintenance to ensure optimal performance and longevity. To keep your banjo sounding its best, it is important to clean and lubricate the instrument regularly. When not in use, store your banjo in a case that is well-ventilated and away from extreme temperature changes. Additionally, make sure to check your instrument regularly for loose parts, rust, and other damage. Before each playing session, inspect the strings and bridge to make sure they are securely attached. To keep the banjo strings from rusting, use a soft cloth to wipe them down after each playing session. Finally, make sure to keep your banjo away from any harsh chemicals or liquids that could potentially damage the instrument. With proper care, your banjo will stay in top condition for years to come.

Pros and Cons of Buying Banjos

Pros And Cons Of Buying Banjos

  • Pros:
    • Banjos are relatively inexpensive instruments, so they are a good choice for a beginner musician.
    • Banjos are typically made of durable materials, so they are long-lasting and can last for decades.
    • Banjos are easy to learn and play, so they are a great instrument for both beginners and experienced players.
    • Banjos can be used in a wide variety of genres and styles of music, so they are a versatile instrument.
  • Cons:
    • Banjos can be difficult to find in certain parts of the world, so they may not be accessible to everyone.
    • Banjos are usually not as loud as other string instruments, so they may not be the best choice for a live performance.
    • Banjos can be expensive, so they may not be an option for those on a tight budget.

Tips for Buying Banjos

  • Research the type of banjo that is best suited for your style of playing.
  • Know your budget. Banjos range in price from a few hundred dollars up to several thousands of dollars.
  • Decide what type of banjo you want. Options include open back or resonator, or electric.
  • Test out several banjos to compare sound, feel and playability.
  • If purchasing a used banjo, inspect it thoroughly and make sure all parts are in working order.
  • Consider buying a banjo kit, which includes all the necessary parts to build a banjo from scratch.
  • Check the warranty and return policy before making a purchase.

Frequently Asked Questions

What Factors Affect the Cost of a Banjo?

Banjo prices vary greatly depending on several factors, such as its construction, brand, materials, and special features. Professional banjos typically cost more than beginner models. Banjos with resonator backs, inlays, and higher-end materials will cost more than traditional open-back models. The type of strings used will also affect the price. Costlier banjos usually include more expensive strings such as phosphor bronze or stainless steel. Additionally, banjos with higher quality tuners and other hardware are typically more expensive.

Finally, where you purchase your banjo from can also affect the cost. Online retailers tend to offer competitive prices, while local music stores may charge a premium.

Are there any quality differences between beginner and advanced banjos?

Beginner banjos are typically constructed with cheaper materials, such as laminate wood, and tend to have fewer features than advanced banjos. Advanced banjos tend to be made of higher quality materials, such as solid wood, and may have more features, including a higher number of frets and special tone rings. Additionally, advanced banjos usually require higher levels of craftsmanship and skill to manufacture.

Are there any additional costs associated with owning a banjo?

Apart from the cost of the banjo itself, there are a few additional costs associated with owning one. Strings, tuners and other accessories will need to be purchased, and banjos often require regular maintenance, such as restringing and occasional repairs. Many banjo players also invest in a hard case to protect the instrument from wear and tear. Additionally, if you are just starting out, you may want to consider investing in a few lessons or books to help you learn how to play properly.

What type of banjo is best for a beginner?

The best type of banjo for a beginner is an open-back banjo. These are the most basic and affordable type of banjo and are ideal for those just starting out. Open-back banjos are lighter in weight and have a mellower tone compared to the more expensive resonator or bluegrass banjos. They are also easier to play and require less maintenance.

Are there any affordable banjos for those on a budget?

Yes, banjos can be found at reasonable prices for those who are looking to purchase one on a budget. There are a variety of brands that offer entry-level banjos without sacrificing quality. Additionally, second-hand banjos can be found at a discounted price. For those on a budget, it is important to research models and compare prices to find the best deal.


Banjos come in a variety of shapes, sizes, and styles, and the cost of a banjo will depend on what type of instrument you want and how many features you’re looking for. Entry-level banjos can cost anywhere from $100 to $500, while professional models can cost up to $2,000 or more. Banjos are a great way to get into music and can offer years of entertainment and enjoyment.


About the author

Hi there! I’m Jack Little – an avid country music fan with tons of live country performances in the past. I used to play banjo in a country band with my best friend John Peters, who’s a true country harmonica master. Those were great years and I’m still mastering new banjo playing techniques, writing my own country songs and lyrics, and collecting banjos!

Leave a Comment