How much would a bank that costs $500,000 in 2012 cost if built in 2015 in a different location?

To determine how much a bank that costs $500,000 in 2012 would cost if built in 2015 at a different location, it's important to consider inflation rates and changes in construction costs over that time period. The construction industry often experiences fluctuations in labor costs, material prices, and overall economic conditions that can significantly impact the cost of building projects.

Using the Consumer Price Index (CPI) or other building cost indexes, the amount can be adjusted to reflect the increase in costs from 2012 to 2015. The selection that shows a cost of $680,912 indicates a reasonable escalation in costs based on average construction inflation. This reflects both general inflation and potential location-specific cost factors that might influence the price of construction in the new area.

Thus, the estimation of $680,912 accounts for these elements, making it a plausible adjustment for constructing a similar bank after three years from the original cost date.