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
By  Bloomberg
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

The power of cultivating personal connections
The power of cultivating personal connections

Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.

A variety of succession options
A variety of succession options

Whichever path you go down, act now while you're still in control.

'I’ll never recommend bitcoin,' advisor insists
'I’ll never recommend bitcoin,' advisor insists

Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.

LPL raises target for advisors’ bonuses for first time in a decade
LPL raises target for advisors’ bonuses for first time in a decade

“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.

What do older Americans have to say about long-term care?
What do older Americans have to say about long-term care?

Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.

SPONSORED The future of prospecting: Say goodbye to cold calls and hello to smart connections

Streamline your outreach with Aidentified's AI-driven solutions

SPONSORED A bumpy start to autumn but more positives ahead

This season’s market volatility: Positioning for rate relief, income growth and the AI rebound