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Finance

The top 5 most expensive hurricanes in U.S. history

By
Laura Lorenzetti
Laura Lorenzetti
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By
Laura Lorenzetti
Laura Lorenzetti
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October 1, 2015, 1:15 PM ET
Joaquin Upgraded To Category 1 Hurricane
IN SPACE - SEPTEMBER 30: In this handout from the National Oceanic and Atmospheric Administration (NOAA), Hurricane Joaquin is seen chruning in the Caribbean September 30, 2015. Joaquin was upgraded to a category 1 hurricane early on September 30. The exact track has yet to be determined, but there is a possibity of landfall in the U.S. anywhere from North Carolina to the Northeast. (Photo by NOAA via Getty Images)Handout by Getty Images

Hurricane season has been relatively quiet this year as the first storm of the season, Hurricane Joaquin, is poised to hit the Bahamas before possibly making landfall in the United States.

The U.S. may have lucked out this year, especially when looking back at what some of the worst hurricanes have ended up costing.

All told, the five worst hurricanes have racked up a total price tag of $250 billion, according to data from the National Oceanic and Atmospheric Administration. Here are the five most expensive hurricanes and what they cost.

No. 5: Hurricane Wilma (2005)

Total damage: $21 billion

Hurricane Wilma was overshadowed by a much larger and far more expensive hurricane during 2005 (see below). However, the storm caused the largest disruption to electrical service ever in Florida after it hit the southern portion of the state.

No. 4: Hurricane Andrew (1992)

Total damage: $26.5 billion

Hurricane Andrew’s huge winds, estimated at Category 5 strength, wreaked havoc once the storm hit land in southeast Florida before it went on to hit south-central Louisiana. Most of the costly damage was in Dade County, Fla., wrecking about 125,000 homes.

No. 3: Hurricane Ike (2008)

Total damage: $29.5 billion

Hurricane Ike was massive, though one of the weaker hurricanes at only a Category 2 level. The wide reach of the hurricane is what led to large storm surges along the Texas and Louisiana coastlines, along with substantial wind damage inland from Arkansas to Tennessee, and all the way into Michigan.

No. 2: Hurricane Sandy (2012)

Total damage: $65 billion (preliminary)

Hurricane Sandy was another huge hurricane with winds that swept damage over wide areas, from coastal New Jersey up through New York. About 8.5 million people lost power, some for weeks, and nearly 650,000 homes were damaged or destroyed.

No. 1: Hurricane Katrina (2005)

Total damage: $108 billion

Hurricane Katrina is the most expensive natural disaster in U.S. history. Most of the damage fell along the Gulf Coast, hitting Mississippi, Alabama, and southeast Louisiana. The destruction was monumental after the levees broke in New Orleans and flooded 80% of the city. The damage continued inland, as well, as high-powered winds swept through the southeast and midwest.

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By Laura Lorenzetti
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