The FEMA P-58 performance-based earthquake engineering methodology was used to assess the economic losses associated with earthquake damage to nonstructural components of two prototype buildings with post-tensioned cross-laminated timber rocking walls. A suite of 22 far-field ground motions were used for nonlinear time history (NLTH) analysis. Truncated incremental dynamic analysis was used to scale the ground motions, and results of the NLTH analyses were used to develop cumulative distribution functions for inter-story drift and peak floor accelerations. The economic factors assessed in the risk analysis included the expected repair cost with respect to spectral acceleration, the probability of exceeding an expected repair cost for selected time periods, and the expected annual loss over different time periods considering various discount factors. It was determined that the ratio of nonstructural repair cost to total building cost at the design earthquake and maximum considered earthquake was lower for the low-rise building than the mid-rise building. However, the probability of nonstructural damage at the service-level earthquake was lower for the mid-rise building than the low-rise building.