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Most jewelers agree that the "three month's salary" rule for an engagement ring no longer applies. This guideline would indicate that if you make $100,000 a year -- barely enough to afford a house ...
However, many surveys suggest that most people spend between $1,500 to $5,000 on an engagement ring, with the national average in the U.S. hovering around $3,000. Do not feel that you need to ...
In the 1930s, they suggested that a man should spend the equivalent of one month's income in the engagement ring. [40] In the 1980s, they suggested that he should spend two months' income on it (three months in Japan). [31] [34] In 2012, the average cost of an engagement ring in the US as reported by the industry was US$4,000. [41]
Data from Rare Carat, an online diamond marketplace for engagement rings, found New Jersey is the third-most expensive state for engagement rings this Valentine’s Day, averaging $10,445 per ring.
When all the data was consolidated they discovered that the average cost for getting married in the US was $38,700. ($5,000 Engagement Ring + $29,200 Ceremony/Reception + $4,500 Honeymoon) This report took a vast variety of items into account and pulled data from all different parts of the country where wedding costs varied significantly.