Average Price of an Engagement Ring Boca Raton
What’s the saying? Than an engagement ring should cost you three months salary? Four months? One month? I can’t remember. But when it comes to an engagement ring, buying one shouldn’t make you uncomfortable. You should set a budget aside that you feel OK with and get the best possible ring within the budget. But with that said, don’t you want to know what other people are spending on their rings? How much is the average price of an engagement ring Boca Raton? According to a recent survey by the website The Knot, the average price for both the wedding and the engagement ring went up in 2014.
In 2014 the average engagement ring cost $5,855. If you go by the saying you should spend 3 months salary on an engagement ring than the average person is only making $23,420 per year. That’s pretty hard to believe. Either we are experiencing extremely tough times or people are spending less than 3 months salary. However, it was up from $5,598 in 2013 which bodes well for the overall economy. As the economy improves consumers spend more as proof with engagement rings.
The average wedding costs $31,213 now. This seems less expensive than I would have thought. However, getting married in Manhattan will cost you an average of $76,000 which is almost three times the average. But if you want to get married on a budget, head to Utah where the average price is only $15,257. That seems like an absolute bargain.
An interesting note about wedding planning is couples are turning more to mobile. Using mobile websites and apps to plan for a wedding increased from 33% in 2011 to 61% last year. That’s almost twice as much, a huge increase in such a short amount of time. It just goes to show the trend towards using mobile devices rather than non-mobile.
Personalization has already struck the fine jewelry business. Couples are designing their own rings in jewelry stores rather than picking out ones already made. And this personalization has also manifested itself in terms of wedding venues. Couples are choosing to get married in more destination weddings than ever before. They are turning their event into a vacation for the guests rather than get married locally. Traditional venues like banquet halls and hotels are still very popular but there is an increasing demand toward unusual locations.
Not surprisingly couples getting married are spending less money on the ceremony and more on the reception or party. After all, the reception only lasts a few minutes while the party can last all night! More weddings are including a cocktail hour than ever before as well.
Below are some other notable wedding statistics.
The average amount spent on a wedding dress is $1,367.
Average marrying age is women, 29 and men, 31.
Average number of guests is 136.
Most popular month to get engaged is December.
Average length of engagement is 14 months.
Most popular month to get married is June.
Getting married is a lifetime decision. But so is picking out the perfect engagement ring. Remember, find a budget that you are comfortable with and then get the best possible ring within that budget. You will be happy you did.