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May
Engagement Ring Salary. Think about it this way. According to The Knots 2020 Jewelry and Engagement Study the average national cost of an engagement ring is 5500 with a quarter of respondents spending between 1000 and 3000. The Wedding Report an. For example if you earn 48000 per year you should spend 8000 to 12000 on the ring.
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. Median household income thats about 3000. 1 The Three Months Gross Salary Rule This rule stipulates that if a man makes 80000 a year he should spend 20000 on an engagement ring. According to the a 2013 report by Jewelers of America couples spent an average of 4000 on an engagement ring in 2012. You always have the option of presenting your potential fiancé with this information and suggesting he or she spend the average amount. You should spend 2 to 3 months salary on the engagement ring.
WeddingWires Newlywed survey found that the average engagement ring cost 5000.
Smith what the future would be like This arbitrary two-month rule would suggest that those who make 100000 per year should spend a whopping 16000 on an engagement ring. More recently the Birmingham-based jewellers Marlows compiled data from 2000 engagement ring orders. Expect to spend 1000 to 5000. In other words most people arent spending three months worth of salary on an engagement ring. Heres a scenario to consider. The Wedding Report an.