Who is more expensive Lowe’s or Home Depot in making decision on the choice of store to buy from when planning for your home improvement projects?
The choice between Lowe’s and Home Depot is common during home improvement projects, and determining the best option for your needs can be complicated.
The distinctions between these two “big box” home improvement retailers can be difficult to discern: Lowe’s main competitor is Home Depot, and both stores compete fiercely on pricing and high-profit merchandise such as tools.
Construction materials, appliances, and other products like flooring are typically very similar in price at Lowe’s and Home Depot.
Who is More Expensive Lowe’s or Home Depot?
Every day, both retailers compete on price. When all costs are considered, shopping at Lowe’s vs. Home Depot is essentially the same.
Because Lowe’s and Home Depot stores compete on price, it is common to find similar popular items priced within pennies of each other.
Less popular items (such as plumbing, electrical, and HVAC) have the greatest price disparity.
When comparing Home Depot vs Lowe’s we discovers that both provide good home improvement resources for the average consumer as well as professionals.
At the end of the day, whether Lowe’s or Home Depot is the best place to shop depends on what you’re looking for and how your local store is stocked, staffed, and managed.
Home Depot and Lowe’s compete aggressively for consumer dollars. We compared the cost of 38 commonly purchased Lowe’s and Home Depot products that were the same or very similar at both stores.
Building materials (such as lumber and drywall) were among them, as were ceramic floor tile, wood flooring, blinds, mulch, paint, appliances, and basic tools.
Both big box stores also have a variety of other departments, such as hardware, plumbing, electrical, lighting, and so on.
Lowe’s had the lowest prices on 11 items on our list, including four types of interior paint ($4 less per gallon for house brand paint in flat, eggshell, or semi-gloss finish), engineered hardwood flooring (a $2.37 per square foot difference), and bagged mulch (more than 30 percent savings).
Home Depot bested Lowe’s on 9 products, including basic ceramic floor tile (73 cents vs. 99 cents a square foot), sheets of drywall (5 percent less), and a few tools, such as a cordless drill (15 percent cheaper).
The cost of the remaining 18 products was essentially the same at both stores (less than a 1 percent difference).
Of course, which store has the best prices varies by location and is subject to change. The regular (non-sale) prices we compared on appliances were nearly identical, but depending on the day, one store could drastically undercut the other.
However, based on our analysis, both stores’ prices vary depending on the product and location, but Home Depot is more expensive than Lowe’s because of the high value in services that they provide to customers that Lowe’s does not.