As with many important and complicated things, the answer is — it depends.
The deciding factor here is complexity. How many employees work for your startup? How many systems do you run? Do you have multiple locations? What’s your startup’s revenue like? How sensitive is your customer data?
In a best-case scenario, a SOC 2 Type 1 audit can cost anywhere from $10,000 to $30,000 and can take as quickly as 2-4 weeks to draft, and then another 2-4 weeks for the audit. A SOC 2 Type 2 audit can cost roughly $30,000, and take anywhere from 2-6 weeks to draft, 6 to 12 months to collect evidence, and 4 to 6 weeks for the audit.
However, in both scenarios, businesses usually spend much more time preparing for the audit.