Drywall is significantly cheaper than plaster, both in materials and labor. Drywall installation typically costs less per square foot and takes much less time to complete, which keeps overall project costs lower.
Key cost differences:
- Materials: drywall sheets are generally more affordable than plaster materials
- Labor: plaster requires skilled tradespeople and multiple coats, increasing labor costs significantly
- Time: drywall installs much faster, reducing overall labor hours
- Repairs: drywall repairs are simpler and cheaper than plaster repairs
Veneer plaster, which combines a thin plaster finish over specialized gypsum board, offers a middle-ground option, providing some of plaster’s durability and finish quality at a lower cost than traditional multi-coat plaster.
For homeowners on a budget, drywall remains the more cost-effective choice for most projects. Plaster is generally reserved for those specifically prioritizing its durability, soundproofing, or aesthetic qualities and willing to pay more for those benefits.