The Price Tag For The Average Wedding Reaches The Highest Point Since 2008
A survey of 17,500 couples conducted by TheKnot.com found that the average wedding (and related events) costs $28,427, just barely missing the $29,000-plus that people were spending in 2008 before the economy came crashing down. The amount spent on everything about the wedding has gone up.
CNNMoney breaks down the most expensive places to get married. Take a deep breath:
Couples in Manhattan dropped the most cash, with an average wedding budget of $76,687. Other pricey wedding destinations included Chicago ($49,810), northern and central New Jersey ($48,496), Santa Barbara and Ventura, Calif. ($42,319) and Boston ($39,239).
Almost $77,000! Spend half of that on the wedding and save the other half and you’ve got a nice chunk for a house, or a baby, or money for crazy decadent trip. That’s unbelievable.
It wasn’t just the actual wedding that’s driving up the cost. Things like transportation for guests and brunches after the wedding were adding to budgets. Fewer people expressed concern about the economy as well.
There are some things we might splurge on: open bar, the wedding dress, and a nice cocktail hour spread. But do you think it’s worth it to spend this much money on a wedding?