diff --git a/docs/sqllab.rst b/docs/sqllab.rst
index 39ae4d4d7..efb5116f3 100644
--- a/docs/sqllab.rst
+++ b/docs/sqllab.rst
@@ -123,6 +123,36 @@ database configuration:
 Here, "version" should be the version of your Presto cluster. Support for this
 functionality was introduced in Presto 0.319.
 
+You also need to enable the feature flag in your `superset_config.py`, and you
+can optionally specify a custom formatter. Eg:
+
+.. code-block:: python
+
+	def presto_query_cost_formatter(cost_estimate: List[Dict[str, float]]) -> List[Dict[str, str]]:
+        """
+        Format cost estimate returned by Presto.
+
+        :param cost_estimate: JSON estimate from Presto
+        :return: Human readable cost estimate
+        """
+        # Convert cost to dollars based on CPU and network cost. These coefficients are just
+        # examples, they need to be estimated based on your infrastructure.
+		cpu_coefficient = 2e-12
+		network_coefficient = 1e-12
+
+		cost = 0
+		for row in cost_estimate:
+			cost += row.get("cpuCost", 0) * cpu_coefficient
+			cost += row.get("networkCost", 0) * network_coefficient
+
+		return [{"Cost": f"US$ {cost:.2f}"}]
+
+
+	DEFAULT_FEATURE_FLAGS = {
+		"ESTIMATE_QUERY_COST": True,
+		"QUERY_COST_FORMATTERS_BY_ENGINE": {"presto": presto_query_cost_formatter},
+	}
+
 .. _ref_ctas_engine_config:
 
 Create Table As (CTAS)
diff --git a/superset/db_engine_specs/base.py b/superset/db_engine_specs/base.py
index 72ec4d767..7d81d57d8 100644
--- a/superset/db_engine_specs/base.py
+++ b/superset/db_engine_specs/base.py
@@ -674,7 +674,7 @@ class BaseEngineSpec:  # pylint: disable=too-many-public-methods
     @classmethod
     def estimate_statement_cost(
         cls, statement: str, database, cursor, user_name: str
-    ) -> Dict[str, str]:
+    ) -> Dict[str, Any]:
         """
         Generate a SQL query that estimates the cost of a given statement.
 
@@ -682,6 +682,19 @@ class BaseEngineSpec:  # pylint: disable=too-many-public-methods
         :param database: Database instance
         :param cursor: Cursor instance
         :param username: Effective username
+        :return: Dictionary with different costs
+        """
+        raise Exception("Database does not support cost estimation")
+
+    @classmethod
+    def query_cost_formatter(
+        cls, raw_cost: List[Dict[str, Any]]
+    ) -> List[Dict[str, str]]:
+        """
+        Format cost estimate.
+
+        :param raw_cost: Raw estimate from `estimate_query_cost`
+        :return: Human readable cost estimate
         """
         raise Exception("Database does not support cost estimation")
 
diff --git a/superset/db_engine_specs/presto.py b/superset/db_engine_specs/presto.py
index a3569371b..9f91969d0 100644
--- a/superset/db_engine_specs/presto.py
+++ b/superset/db_engine_specs/presto.py
@@ -443,14 +443,15 @@ class PrestoEngineSpec(BaseEngineSpec):
     @classmethod
     def estimate_statement_cost(  # pylint: disable=too-many-locals
         cls, statement: str, database, cursor, user_name: str
-    ) -> Dict[str, str]:
+    ) -> Dict[str, float]:
         """
-        Generate a SQL query that estimates the cost of a given statement.
+        Run a SQL query that estimates the cost of a given statement.
 
         :param statement: A single SQL statement
         :param database: Database instance
         :param cursor: Cursor instance
         :param username: Effective username
+        :return: JSON estimate from Presto
         """
         parsed_query = ParsedQuery(statement)
         sql = parsed_query.stripped()
@@ -476,7 +477,18 @@ class PrestoEngineSpec(BaseEngineSpec):
         #     }
         #   }
         result = json.loads(cursor.fetchone()[0])
-        estimate = result["estimate"]
+        return result["estimate"]
+
+    @classmethod
+    def query_cost_formatter(
+        cls, raw_cost: List[Dict[str, float]]
+    ) -> List[Dict[str, str]]:
+        """
+        Format cost estimate.
+
+        :param raw_cost: JSON estimate from Presto
+        :return: Human readable cost estimate
+        """
 
         def humanize(value: Any, suffix: str) -> str:
             try:
@@ -493,7 +505,7 @@ class PrestoEngineSpec(BaseEngineSpec):
 
             return f"{value} {prefix}{suffix}"
 
-        cost = {}
+        cost = []
         columns = [
             ("outputRowCount", "Output count", " rows"),
             ("outputSizeInBytes", "Output size", "B"),
@@ -501,9 +513,12 @@ class PrestoEngineSpec(BaseEngineSpec):
             ("maxMemory", "Max memory", "B"),
             ("networkCost", "Network cost", ""),
         ]
-        for key, label, suffix in columns:
-            if key in estimate:
-                cost[label] = humanize(estimate[key], suffix)
+        for row in raw_cost:
+            statement_cost = {}
+            for key, label, suffix in columns:
+                if key in row:
+                    statement_cost[label] = humanize(row[key], suffix).strip()
+            cost.append(statement_cost)
 
         return cost
 
diff --git a/superset/views/core.py b/superset/views/core.py
index c431e6bae..e15964105 100755
--- a/superset/views/core.py
+++ b/superset/views/core.py
@@ -2406,6 +2406,15 @@ class Superset(BaseSupersetView):
         except Exception as e:
             return json_error_response(str(e))
 
+        spec = mydb.db_engine_spec
+        query_cost_formatters = get_feature_flags().get(
+            "QUERY_COST_FORMATTERS_BY_ENGINE", {}
+        )
+        query_cost_formatter = query_cost_formatters.get(
+            spec.engine, spec.query_cost_formatter
+        )
+        cost = query_cost_formatter(cost)
+
         return json_success(json.dumps(cost))
 
     @expose("/theme/")