The Knot 2014 Real Weddings Study recently came out with it annual comprehensive report, which surveyed nearly 16,000 US brides and grooms married in 2014. The study uncovered the financial spending habits and trends of real weddings in America. Curious about what the average cost of a wedding is? How the budget is distributed? The average number of wedding guests? Read to find out these and other wedding spending trends!
"While wedding budgets continue to rise, with the national average at $31,213, guest lists are shrinking. The average wedding now has 136 guests, down from 149 in 2009," said Rebecca Dolgin, Editor in Chief of The Knot. "Couples are focusing on creating an amazing guest experience and reception details, including finding unique venues to reflect their personality."
While $31,213 might be the national average, Chicago is listed as one of the top most expensive places to get married, with the average couple spending about $51,000 on the wedding.
But how is that wedding budget spent? Below is the breakdown of the average costs, not including the honeymoon.
Since thousands of dollars are a serious investment for just about any couple, it is important to set a realistic budget both partners feel comfortable with, and stick with it. According to the study, in 2014, 45% of couples went over budget, about 1 in 4 (26%) of couples stayed within their budget, and only 6% of couples came out under budget. 23% didn't have a wedding budget at all.
Setting a wedding budget? Read these tips for hidden wedding costs to be prepared for.
Curious to find out more? Read more stats here.