FAQs on social media advertising pricing
Get answers to common social media advertising pricing questions now!
What is the average overall cost of social media advertising?
The average cost of social media advertising ranges from $10,000 – $25,000 per year. This amount includes advertising on multiple networks, as well as expenses related to technology, talent, and professional management.
For professional social media advertising services, prices range from $850 to $2,000 per month. This rate does not include ad spend. Agencies like WebFX, however, recommend an ad spend of $200 to $1,000 or more to maximize the results and performance of your campaign.
What is the average CPC for social media ads?
With social media advertising, your business can use several bidding options, like cost-per-like (CPL) or cost-per-view (CPV). A universal bidding option, however, is cost-per-click or CPC. That’s why many companies, when looking at the cost of social media advertising, research CPC first.

Average cost per click
- Facebook: $0.26 – $0.50
- Instagram: $0.01 – $0.25
- LinkedIn: $2 – $3
- Pinterest: $0.01 – $0.10
- Twitter: $0.26 – $0.50
- YouTube: $0.11 – $0.40
What is the average CPM for social media ads?
The top social media networks also offer cost-per-thousand-impressions or CPM as a bidding option. With this bidding option, your company focuses on ad views rather than ad clicks. The average cost for CPM is generally higher because you’re paying per 1000 impressions, versus a single click.
Get a breakdown of social media advertising costs by CPM below:

Average cost per 1000 impressions
- Facebook: $1.01 – $3
- Instagram: $0.01 – $4
- LinkedIn: $5.01 – $8
- Pinterest: $0.01 – $1.50
What’s the difference between a social media advertising budget and bid?
To understand the difference between a budget and a bid, you need to know ad hierarchy.
When you advertise online, you have your campaign, which includes a set of ad groups. Each ad group contains ads. For example, you may have a campaign for red shoes, with an ad group for red sneakers and an ad group for red heels.
Now, when you create a campaign for social media, you set a budget. A budget is what you’re willing to spend each month on your campaign. In some cases, you may not use your entire monthly budget, due to campaign performance.
Once you determine your campaign budget, as well as build your ad groups, you set your bids. A bid is what you’re willing to pay for a user to complete an action on your ad, like following your page or viewing your video.
Keep in mind that your company doesn’t always pay your full bid amount.
Depending on the quality of your ad, as well as additional factors, you may pay less — you will never pay more than your bid. That’s why companies try to achieve high ad quality scores because it can help maximize their social media advertising costs.
What are the different social media ad bidding options?
When you advertise on social media, you have access to several bidding options, including:
- Cost-per-click (CPC): You pay every time someone clicks on your ad.
- Cost-per-impressions (CPM): You pay for every 1000 ad impressions or views.
A few bidding options specific to different platforms include:
- Cost-per-reaction: You pay for every Facebook reaction (including likes) resulting from your ad.
- Cost-per-action (CPA): You pay for every action generated from your Facebook ad.
YouTube
- Cost-per-view (CPV): You pay for every view on your YouTube ad.
- Cost-per-send (CPS): You pay for every LinkedIn Sponsored mail sent.
- Cost-per-open (CPO): You pay for every LinkedIn Sponsored mail opened.
X
- Cost-per-engagement (CPE): You pay for every Twitter ad
- Cost-per-follow (CPF): You pay for every follower resulting from your Twitter ad.
- Cost-per-download (CPD): You pay for every download generated from your Twitter ad.
TikTok
- Optimized CPM (oCPM): You pay for every 1000 impressions, but oCPM targets users most likely to complete a conversion or similar advertising goal.
- Cost-per-thousand views (CPV): You pay for every 1000 video views. Your views can be either 2-second or 6-second views.
Why do companies advertise on social media?
The majority of businesses advertise on social media to build brand awareness (39% of respondents) and drive sales (31% of respondents). While 17% of businesses use social media ads to generate leads while 12% of businesses advertise on social media to drive web traffic.
Source Data
WHY ADVERTISE ON SOCIAL MEDIA | % OF MARKETERS |
To build awareness | 39.26% |
To generate leads | 17.41% |
To drive sales | 31.11% |
To increase website traffic | 12.22% |