Mobile applications are becoming a standard part of most business plans, as they are essential in improving your brand’s outreach and customer retention. As apps have become increasingly popular, more and more mobile app development companies and app design firms are popping up, which has made building an app more affordable. That being said, it is possible to build a mobile app for $20,000 or less, but, depending on the type of app you are building, prices can easily go above $500,000 and even reach close to $1 million. If you are thinking of creating an app, it is important to understand why there is such a range in price so you can know what to expect and what to look for when choosing an app development agency. Here is a quick guide to help you understand the cost of building a mobile app: