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Dec
Median Engagement Ring Cost. If you want a rule spend about one month of salary and you will find yourself within range of the median. Based on a poll of 1640 adults by Morning Consult done for the New York Times Upshot the median amount spent is 1900 which is about two weeks pay. The actual average cost for an engagement ring is over 6000. Like in Ohio you will pay only 6454 while in Texas average cost would be 8200.
Your financial means should determine your budget rather than a worldwide average. No one should go into debt in order to pay off their engagement ring. According to recent surveys most American couples expect to spend between 1000 and 5000 on an engagement ring. Given the skew and the outliers the median is a better measure of the average cost of an engagement ring purchased online. December is the most popular month for buying engagement rings. In this study the two medians were 6071 and 5969.
Even after removing the outliers the distribution is still skewed.
But for many couples three-months salary is an unrealistic amount of money to spend. Well engagement rings come in all shapes and sizes and can cost you anywhere from 1000 to an eye watering 50000. According to a recent survey by EBates almost half of American men and women expect to spend between 1000-5000 on an engagement ring which happens to. But for many couples three-months salary is an unrealistic amount of money to spend. If youre deciding how much to spend on an engagement ring there are several factors to consider. The price has probably gone up in 2017 and we estimate that the average is about 6800.