Re: Rewiring house
There are to many unknowns to answer your question, many of which Canuk has pointed out. Another is location, for instance Boston, from what I've seen, will be about twice as much as Columbus Ohio. Although the house is balloon construction the walls may be filled with brick or have multiple fire breaks both of which adds significantly to labor costs. The old boxes may have to be replaced because they are undersized or missing, a lot of new outlets may have to be added to meet current code. Add to that the additional costs involved in adding CFI and AFI required components. Plaster and lath repair can be significantly more than drywall patching if it is done right.
I would suggest you get a more detailed estimate and perhaps seek more than one.
Be sure you live your life, because you are a long time dead.-Scottish Proverb