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Total cost of structural fires in U.S. reached $328.5 billion in 2014

Codes and Standards

Total cost of structural fires in U.S. reached $328.5 billion in 2014

Costs associated with losses was $55.4 billion.


By Peter Fabris, Contributing Editor | December 12, 2017

The total cost of structural fires in the United States in 2014 was $328.5 billion, according to a new report written by University at Buffalo engineers and issued by the National Fire Protection Association.

Of that total, $273.1 billion, or 83%, of the cost was attributed to outfitting new buildings with fire prevention systems, operating fire departments, fire insurance, and other expenditures. The cost associated with lossesā€”such as deaths, injuries, and destruction of propertyā€”was $55.4 billion.

The report examined only structural fires involving residential, commercial and industrial buildings. It did not factor in wildfires, vehicle fires, and other outdoor fires.

Other findings include:

ā€” The total cost of structural fires in the U.S. has increased by 50% from 1980 to 2014, from $218.5 billion to $328.5 billion (both in 2014 dollars).

ā€” The total cost of structural fire in the U.S. as a percentage of the nationā€™s gross domestic product has dropped from 7.6% in 1980 to 1.9% in 2014, a 75% decrease.

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