In March 2025, Georgia’s Construction Cost Index (CCI) rose by 2.2% compared to the previous month and increased by 6.3% year-over-year, according to official data. The monthly rise was primarily driven by an 11.7% increase in average monthly nominal wages within the construction sector, which alone contributed 2.2 percentage points to the overall index change.

Segment Highlights:

• Residential Construction:
  +3.1% month-over-month
  +9.2% year-over-year

• Non-Residential Construction:
  +3.6% month-over-month
  +5.5% year-over-year

• Civil Engineering:
  +0.9% month-over-month
  +3.5% year-over-year

On an annual basis, the 6.3% increase in the CCI was largely influenced by two main factors: a 22.0% surge in average monthly wages in the construction sector (contributing 4.25 percentage points) and a 2.7% rise in the prices of construction materials (contributing 1.64 percentage points).

When compared to February 2022, the CCI has increased by 23.5%, reflecting sustained upward pressure in construction costs over the past three years.