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COST TO SAY “I DO” EVEN WITH LAST YEAR August 15, 2012 (1 comment)

wedding.jpg

New York, NY—On average, it costs about $27,000 to get married, according to a recent article in USA Today. Citing figures from Brides magazine, the article says the average couple getting married in 2012 will spend $26,989 on the wedding, with nearly one-third getting so caught up in the emotion of the moment that they bust their budget.

Brides/USA Today’s figures tally closely with those released earlier this year by TheKnot.com, and reported in The Centurion Newsletter. That study, conducted in 2011 by The Knot.com and The Wedding Channel.com, found the average cost of a wedding came in at $27,021—a negligible difference from Brides’ 2012 findings. But the Brides figure for the average engagement ring cost—$5,229—was $100 higher than that reported by The Knot.

Still, both are significantly lower than the typical luxury jeweler’s sale: A special bridal jewelry sales survey conducted by The Centurion in May found more than 25% of luxury jewelers reported their best-selling engagement ring category was above $10,000.

Here are some wedding costs broken down:

                                                 BRIDES Study                        TheKnot.com Study

Reception:                              $11,599                                  $12,116 (venue only)

Engagement Ring:                  $5,229                                    $5,130

Wedding rings:                        $1,594                                    Not Listed

Photography:                           $2,186                                    $2,299

Wedding gown:                        $1,355                                    $1,121

Flowers:                                    $1,334                                    $1,894 (includes décor)

Wedding cake:                           $486                                        $535

Other findings from the Brides study:

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Comments (1):

5k for a heirloom to be handed down to future generations, and 20k for 4 hours and a memory (1/2 of which ends in divorce) doesn’t seem equiable to me.

By Ira Kramer on Aug 16th, 2012 at 2:29pm

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