The storm that hit the East Coast over the weekend likely cost businesses and residents about $2.5 billion to $3 billion.
That estimate comes from Moody's Analytics, which estimates most of the cost of the storm is from businesses that lost sales and employees that lost wages when they could not get to work. Those losses were partly offset by people who earned extra wages due to the storm, such as workers who got overtime for plowing roads and parking lots.
Also, this storm's damage to property and infrastructure was limited, according to AIR Worldwide, which comes up with estimates for insured losses, although some flooding was reported, particularly along the New Jersey shore.
All things considered, the first big snowstorm of 2016 was relatively inexpensive.