Being a bridesmaid is hardly cheap. Between buying a dress, paying for hair and makeup, a gift for the bridal shower, funding bachelorette outings, and a wedding gift for the couple, the average bridesmaid can expect to spend at least $951 on wedding-related expenses. Surprisingly, however, the average groomsmen spends at least $1,300. This is all according to a recent study conducted by Go Banking Rates.
According to the breakdown, bridesmaids spend approximately $215 on bridesmaid dresses, while grooms spend around $246 on tuxedo rentals.
“We actually found that groomsmen are spending more money, especially when it comes to the bachelor party,” said Kristen Bonner, the GO Banking Rates research lead for the survey.
Groomsmen reported spending an average of $682.13, which included travel, food, drinks, and entertainment for bachelor parties. Best men reported spending a whopping $999. Bridesmaids, however, were a little tamer when it came to their spending. Bridesmaids said they spent $389 on bachelorette festivities while maids of honor dished out somewhere around $552 for these parties.
As for wedding gifts, groomsmen reported spending more on those as well. 20 percent of the 500 bridesmaids who were surveyed said that she spent $200 or more on gifts for the last wedding they were in while 31 percent of groomsmen reported spending $200 more on gifts.
Interestingly, bridesmaids were more likely to go over budget than groomsmen even though they spent more on average.
How much did you spend on the last wedding you were in?