Hi Kiran,
You will also have to factor in the drywall repair you will have to do as a result for the existing hole that will be present from your previous location of the overhead light.
For the electrical aspect you would be looking at a range of $175-$350
Labor standard price ranges from $100-$200
Materials $50-$100
If Drywall is needed most companies will charge $35-$55 for rough patch work (includes drywall and sanding but not painting)
Feel free to call or message us if you need further assistance.