Getting married in America is more expensive than ever

Couples spend an average of $78,464 to get married in the most expensive wedding location — and the honeymoon isn't included.
FEB 02, 2017
Thinking of getting married? Move to Arkansas. That's where this increasingly expensive proposition is usually cheapest, according to a survey of 13,000 American brides and grooms who got hitched last year. But being cheapest doesn't mean inexpensive — Arkansas weddings ring in at an average of $19,522, says the annual poll by wedding marketplace The Knot. Meanwhile, the average cost nationally is now $35,329, the highest since The Knot first began collecting data in 2007. Manhattan is the most expensive place to get married in the U.S., with a massive $78,464 average spend. These numbers roughly mirror regional earnings. In 2015, the annual mean wage in Arkansas was $38,540, compared with $57,030 in New York state, and an average of $144,716 in Manhattan at the start of last year. That hefty pricetag is just for the wedding itself — the honeymoon isn't included. Reception, music, flowers, decor, videographer, attire, cake, invitations, transportation, favors, rehearsal dinner and officiant all add up. The most expensive part in 2016 was renting the venue, which averaged $16,107 compared with $14,788 in 2015. The ring, band and photographer weren't far behind. Though wedding costs are increasing, guest count isn't going up. That means more money is being spent per attendee: $245 last year compared with $194 in 2009. The additional $51 is being used to personalize the experience and entertainment, The Knot found. For those invited to weddings this year, remember that figure when buying a gift (The old standby rule is “pay for your plate.”) But toasters and dishware don't really pay for the big day, parents do. While gender roles have evolved in the workplace, they haven't at the altar. The bride's parents pay, on average, for 44% of the wedding, compared with 13% shelled out by the groom's parents. And only 10% of couples had to pay for it themselves. So, at least there's that bit of good news for the happy couple.

Latest News

SEC chief Atkins signals caution on prediction market ETFs amid broader rethink of novel fund structures
SEC chief Atkins signals caution on prediction market ETFs amid broader rethink of novel fund structures

Paul Atkins has asked staff to solicit public comment on novel ETFs, pausing the clock on as many as 24 filings linked to the booming event contracts market.

Private capital's $1 trillion bet on the American retirement account
Private capital's $1 trillion bet on the American retirement account

From 401(k)s to retail funds, Deloitte sees private equity and credit crossing into mainstream investing on two fronts at once.

Advisor moves: Wells Fargo Advisors pulls in $9.6b in fresh talent during first half of May
Advisor moves: Wells Fargo Advisors pulls in $9.6b in fresh talent during first half of May

Big-name defections from Morgan Stanley, UBS, and Merrill Lynch headline a busy two weeks of recruiting for the wirehouse.

Why uncertainty is making behavioral coaching more valuable than ever
Why uncertainty is making behavioral coaching more valuable than ever

Markets have always been unpredictable. What has changed is the amount of information investors are trying to process and the growing role advisors play in helping clients avoid emotional decisions

Florida investor hits real estate syndicator with fraud suit over $750K
Florida investor hits real estate syndicator with fraud suit over $750K

Six apartment deals, one "big account," and $2.7M in undocumented insider loans. Now the lawsuit lands

SPONSORED Are hedge funds the missing ingredient?

Wellington explores how multi strategy hedge funds may enhance diversification

SPONSORED Beyond wealth management: Why the future of advice is becoming more human

As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management