In Canada we pay 16.99 and up per meter of fabric, so they cost a lot more than that here. I have been working on a King Size Quilt for the past year and I wish I would have kept track of how much it is costing me for the fabric, plus not to mention the backing, as I only use flannel on my quilt backs and it costs for that cotton. I've had people ask me about making them a queen size quilt and I told them it would cost at least 1000.00, and maybe more just for the fabric, and then add another 300.00 or more on because I would have to send it out to a long armer to be quilted, cause I can't do one that big myself.
I don't do quilts to sell, as I know that no one would want to pay what they are actually worth, I only give them away to people I love and know that they appreciate them.