Statistics About The Average Engagement Ring Price

In this post, we explore the diverse landscape of engagement ring prices, uncovering fascinating statistics from around the world. From the national average costs to regional variations and changing trends, these figures offer valuable insights into the financial aspects of love and commitment.

Statistic 1

"The national average cost of an engagement ring is $5,500"

Statistic 2

"In 2019, the average cost of an engagement ring in the UK is £5777"

Statistic 3

"Most couples expect to spend between $1,000 and $5,000 on an engagement ring"

Statistic 4

"In the U.S, the state with the highest average engagement ring price is California, with an average price of $9,482"

Statistic 5

"The state with the lowest average engagement ring price in the U.S. is Alabama, with an average price of $3,956"

Statistic 6

"The average spending on engagement rings increased by 56% in 2019 compared to 2017"

Statistic 7

"For same-sex couples, the average spending on an engagement ring is $3,700"

Statistic 8

"In Canadian dollars, the average cost of an engagement ring was about $4,000 to $6,000 in 2019"

Statistic 9

"In Australia, the average price spent on an engagement ring was AUD$5,134 in 2018"

Statistic 10

"In 2021, the average spending on engagement rings was around $5,500 in the US"

Statistic 11

"About 10% of couples spent over $10,000 on the engagement ring"

Statistic 12

"In France, the average amount spent on engagement rings in 2021 was €3,000"

Statistic 13

"On average, Brits spend three weeks’ salary on an engagement ring"

Statistic 14

"The most popular carat size for an engagement ring in the U.S. is 1 carat (average cost $4,000-$8,000)"

Statistic 15

"35% of Americans think spending between $1,000 and $3,000 on an engagement ring is appropriate"

Statistic 16

"New York has the highest average engagement ring cost at $8,000"

In conclusion, the statistics on engagement ring prices reveal a wide range of spending habits and trends across different regions and demographics. While the national average cost serves as a benchmark at $5,500, variations exist such as the UK’s average of £5777 and the differing expectations of most couples falling within the $1,000 to $5,000 range. Notably, there are stark contrasts between states like California and Alabama, where prices can vary significantly. The data also illustrates a general increase in average spending on engagement rings in recent years, along with specific insights like same-sex couples’ average spending, popular carat sizes, and varying cultural norms regarding appropriate spending levels.