What is a fair cost for nipple reduction all by itself?
The estimate you received is about average. In Toronto, it ranges from $2000-$3000 for both nipples. Factors that can contribute to determining cost include where you're located, the surgeon, the surgical facility and technique applied during surgery.
Pricing depends on the mostly on the area and the particular surgeons' demand. In my practice it will generally range from $1500-2500 depending on the technique to be used in your specific case. Hope this helps and best of luck.