How Much Money Should You Spend On A Wedding Ring

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How Much Money Should You Spend On A Wedding Ring. Ad Shop where you are first in line and treated like Royalty. Our study found that one-fourth of all respondents are spending between 1000 to 3000 on their engagement ring.

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The average engagement ring is 7750 and the average wedding ring is 1126. The amount people spend varies depending on which part of the country they live in. Its also observed women preferred white gold while men opted for.

In 2018 people spent around 200 20000 on wedding rings.

We suggest you calculate how much money you need to save monthly to buy it. The national average cost of an engagement ring is currently around 5500 according to the study. For example couples in the mid-Atlantic spend the most around 7600 while couples from the Southeast spent the least around an average of 5200. Spending what the average man spends on an engagement ring might seem like a reasonable decision but it could be a lot more than what you can afford.