3 Wedding Spending Statistics You Should Know

Every year, millions of people get married across the U.S. And this is why the wedding industry is such a lucrative industry. Are you planning to tie the knot this year? Here are some interesting statistics you should know.

Engagement Rings

A diamond ring usually represents the start of forever for a couple. When it comes to the price tag, the average cost of an engagement ring is $5,135. When it comes to the average carat, on the other hand, most couples settle for 1-carat size engagement rings. Keep these in mind if you’re looking for an engagement ring in Salt Lake City.

Wedding Gowns and Attire

Apart from the buffet, couples spend a fortune on wedding gowns. In fact, on average, couples spend a dizzying $1,509 on wedding gowns. Despite new trends, classic colors such as ivory, off-white, and white remain to be top favorites with 93% of brides across the U.S. choosing these colors. Interestingly, only 54% of brides choose to wear a veil to their wedding day. Now, for the grooms. 54% of grooms choose to wear tuxedos to their wedding day while only 36% choose a suit.

The Whole Shebang

Based on 2017 statistics, the average cost of a wedding in the U.S. is a staggering $33,391. Remember, this figure doesn’t include the honeymoon costs. When it comes to the most expensive place to get married in, the crown goes to Manhattan, where couples spend an average of $76,944. The least? You can get married in New Mexico, where the average wedding cost is just $17,584.

Weddings start a whole new chapter in one’s life. To ensure that you won’t start off with a huge debt, make sure you spend wisely and put your money where it really matters.