Procedure for Ear Reduction and Cost?

Ear reduction is usually termed Otoplasty. Prices can vary widely, but usually will range somewhere in the $4,000 - $6,000 range depending on the surgeon, location, complexity of the particular procedure, and other factors. These costs may or may not include facility fees and anesthesia fees.
In our practice, the procedure can be performed under general anesthesia (small children), IV sedation (teenagers and adults), or local anesthesia with or without oral sedation (adults). The procedure takes about 45 minutes per ear for a total of about 1.5 hours.
The ears are injected with local anesthesia, an incision is made in the crease behind the ears so that it is hidden, and the cartilages are then sculpted, shaped, or sutured to achieve the desired result. Patients can go home immediately after surgery and in my practice, follow up the next day for dressing removal.
Pain is usually minimal compared to most other surgical procedures. The biggest risk is damaging the surgical correction, so a protective headband is worn at all times for the first 2 weeks, and then at night and as needed after that. Most patients do quite well and are extremely satisfied with the results. 
All the best,

Otoplasty costs vary from center to center and can depend on the following factors:-Surgicenter vs office based- The operating room costs are typically much higher since an anesthesiologist and other fees tend to be higher.  The operating room is best for patients who are not candidates for in office procedures and typically younger than age 10 or have anxiety about an in office procedure.  Patients who have otoplasty an in office procedure will save substantial money.  -Time- Experienced otoplasty surgeons tend to be more efficient than unexperienced surgeons.  Procedures that take 1 hour typically cost less than procedures that take 4 hours as you are paying for the surgeon's time.  Many revision otoplasty procedures I see in my office (surgeries performed by outside surgeons) tend to be on patients who had longer procedures and likely less experienced surgeons.   -Geography- Certain areas tend to be higher priced due to factors such as higher cost of living, higher rents, etc.For these reasons, otoplasty can range in cost from $2500 to $9000.