It varies widley. In most cases the coast of damage does not exceed a few hundred thousand dollars. However, in a large, violent tornado moving through a city, damage can exceed $1 billion. The costliest tornado on record caused $ 2.8 billion worth of damage when it struck Joplin, Missouri on May 22, 2011.
The Joplin tornado caused about $2.8 billion worth of damage to the city of Joplin.
It depends on the tornado and where it hits, though typically damage will not exceed more than a few thousand dollars worth. Sometimes a tornado will stay an an open field and cause no damage at all.
The Moore, Oklahoma tornado of 1999 caused $1 billion worth of damage. This works out to $1.4 billion in 2014 amounts.
NOAA resources say $16.5 million worth of damage was caused by the tornado, but it does not specify if that is modern amounts or the amount in 1925.
The Tri-State tornado of 1925 caused $16.5 billion dollars in damage. That value in 1925 dollars is worth $210 million today when adjusted for inflation.
The cost of damage from a tornado varies widely depending on how strong it occurs, how big of an area it affects, and what it hits. Some tornadoes never affect property and cause damage only to trees, if they cause any damage at all. Shot-lived weak tornadoes often cause damage in the tens to hundreds of thousands of dollars. At the other extreme, the worst tornadoes can cost hundreds of millions of dollars. A handful of tornadoes have caused billions of dollars worth of damage.
The damage that the most recent tornado has done is estimated to be worth over $10 million. These are the twin tornadoes that hit Nebraska on June 17, 2014.
Tornadoes can do serious damage to homes, businesses, and other property that can devastate the lives of people living in that community, tornadoes can also potentially kill those caught in, or near the tornado!
In terms of the cost of damage, the most destructive tornado struck Joplin, Missouri on May 22, 2011, causing $2.8 billion worth of damage and killing 158 people.
Yes. On May 6, 2003 an F3 tornado struck Jackson, injuring 2 people and causing $12 million worth of damage.
Yes. Dyersburg, Tennessee was hit by an F0 tornado on May 4, 2003. The tornado caused about $1000 worth of damage. Another F0 on April 17, 1978 cost at least $5000.
The tornado of February 13, 1995 was rated F1. It was short lived and caused a few million dollars worth of damage, but no deaths or injuries. Overall, it was a minor event.