Season 5

MTV has ordered a 20 episode Season 5 according to Teen Wolf Executive Producer Jeff Davis.

Production
Just like Seasons 3 and 4, Season 5 will be partially funded by the State of California through tax credits available to television productions.

The funding will ensure that Teen Wolf will be filmed within the state of California and production on Season 5 will begin before the end of 2014.

Teen Wolf received an $11.5 million allotment from the state to offset "Qualified Spending" of $46.3 million.

That puts the cost-per-episode at an estimated $2.3 million.