17
Oct
How Much Should A Person Spend On An Engagement Ring. If for example you are making 60000 per year you should spend 10000 on the engagement ring. According to a 2017 study by Ebates almost half of men and women in the US. If you want a rule spend about one month of salary and you will find yourself within range of the median. This is slightly less than the national average price of 6351.
Therefore the American usually spends about 15 months salary on an engagement ring. The average monthly income of an American of marriageable age is approximately 335000. Others say your rings price should be in accordance with the national average spend. You share the same dreams the same goals and of course boundless love. Its time to propose to this special person. Prices can vary significantly with the cheapest going from 10 to the most expensive clocking in at more than 30000.
Thats just 122 months salary.
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. According to the wedding website The Knot 5680 was the average cost of an engagement ring in 2019. Its time to propose to this special person. You share the same dreams the same goals and of course boundless love. What You Should Know About the Two Months Rule Youve probably heard the axiom that two months salary is the. Engagement rings are a major investment.