Wedding Rings Average Cost

Average cost of an engagement ring according to the 2020 weddingwire newlywed report the average proposer spent 5 900 on an engagement ring which is a 900 increase from the previous two years.

Wedding rings average cost. Engagement ring wedding bands. It s no news that engagement rings are pricier than wedding bands. 73 of engagement rings are made from white gold.

It s also observed women preferred white gold while men opted for tungsten metal wedding ring style. This includes both the engagement ring and the traditional wedding band. Our study found that one third of all respondents are spending between 1 000 to 3 000 on their engagement ring.

1 in 5 brides actually selects their rings themselves. However the study found that roughly half of couples will spend under 5 000 on the engagement ring though 20 percent spend more than 10 000. This does not yet include a wedding band not to be confused with music entertainers that costs an average of 455.

Today almost every man in the united states spends two month s worth of his salary to cover the average engagement ring cost around 6 351 as of 2017. In fact 10 percent of ring shoppers are spending under 1 000. While 5 900 is the national average cost of a ring the spend per couple varies.