The Average Cost of a Wedding

by | Mar 22, 2017 | Exclusive Tips Articles |

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Have you ever thought about what the average cost of a wedding is? Spoiler: It’s not cheap!

The wedding industry is a growing one. It’s seeing an annual growt rate of 3.2%, while the whole industry is worth $72 billion and it employes well over a million people.

While an average wedding won’t cost nearly as much as some of the most expensive weddings ever, like the wedding between Prince Charles and Princess Diana that cost a wooping $110 million, it will still financially set the newlyweds significantly.

Let’s dig into specifics:

Just the clothes the bride and groom wear cost over $1500 on average. A wedding dress costs about $1350, while the groom spends just shy of $300 on his attire.

Add to that another $130 the bride spends on hair and makeup.

But those aren’t even the biggest costs. Most money is spent on:

Venue - $12.000 on average;
Wedding and engagement rings - $4000 on average;
Photography and video - $2835 on average;

Other costs include spending on flowers and decorations, wedding entertainment and catering. These ammount to $1500, $1400 on average, and roughly $68 for catering, per person.

A cake will set the groom and his beloved bride another ~$550, while they have to dish out about $800 for both the wedding planner and the invitations.

Weddings are by no means cheap, though it needs to be said that averages don’t tell the whole story. An average wedding in Idaho costs a ‘mere’ $16,159, while a wedding in Manhattan, New York is over five times as much - $86,916 on average; country wide, the average is $27,698.

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