How much is the US spending on building data centers?
Data centers are the backbone of AI, cloud computing, and other digital services — and spending to build them has increased rapidly in the United States.
As of January 2026, US spending on data center construction was over $2.4 billion per month, roughly 16 times the level in early 2014.
This growth has been especially rapid since AI chatbots have become very popular, starting in late 2022. Monthly spending has nearly tripled since then.
It’s important to note that this only covers the cost of building the physical structures. Servers and other hardware inside are excluded, and they can make up a large share of the total cost of a data center.
I recently updated our chart with the latest data from the US Census Bureau. I do this quarterly, so our next update will be around June 2026.