How long do fridges last?
Refrigerators can last 10 to 20 years, although the most common lifespan is about 13 years. If your fridge is acting up, consider its current age when deciding whether to invest in repairs or buy a new one. Common easy fixes include faulty thermostats, dirty coils and clogged drain lines. Thermostats and dirty coils can be generally be fixed for an average cost of $80-$100. Clogged drain lines, which usually cause leaks, can often be fixed for under $200.
More complex refrigeration repairs such as replacing a bad compressor or replenishing low refrigerant can cost more because of expensive parts and higher labor. A new compressor costs an average of $200, not including labor. If labor is an average of $75-$100 per hour, and the repair takes 3 hours, you’re looking at roughly $500. Consider the age and purchase cost of your fridge; investing $350 in a $600 fridge that is 8 years old may not be cost-effective.