The answer to how much do wedding rings cost ranges from $500 to twice as much. We will also compare engagement rings to wedding rings as both are often the priciest expenses when deciding to get married.
And since we’re on the topic of wedding rings and how much to spend on them, you can read who buys the wedding bands. Again, it’s crucial to discuss this beforehand to avoid miscommunications and false expectations with your partner.
How Much Should I Spend On Wedding Rings?
Wedding rings start at $500 to over $1,000, where male wedding bands are cheaper than female wedding rings. The size and material of the wedding ring also affect the cost to expect when buying one.
Prepare to spend over $500 when buying a wedding ring with this range in mind. While you don’t have to go over your savings and financial capacity to afford something extravagant, remember that it’s a worthy investment if the wedding ring lasts longer.
Cheap wedding rings won’t last against the daily wear and tear, so it will cost you more to constantly replace them in the long run. Therefore, it’s better to spend over $900 on a wedding ring if you know that it’s durable and won’t need a replacement for a long time.
How much do wedding rings cost on average?
The average price of a wedding ring in the US range from $500 to over $1,000, which is a smaller range than what most couples spend on an engagement ring. Gold wedding rings start at $200 to under $2,000, while the most expensive metal for wedding rings is platinum, with prices from $500 to over $1,500.
The expected wedding ring cost for other popular metals like silver ranges from $50 to under $100, titanium starting at $100, and tungsten carbide, often preferred by grooms-to-be ranging from $200 to $800. Note that these are just estimates as jewelry shops may increase or decrease the cost of wedding rings accordingly.
What does the average engagement ring cost?
Americans spend an average of under $4,000 for their engagement rings, which is pricier than the expected costs of wedding rings. Some even buy engagement rings over $5,000, but it’s also common to find couples who only spend less than $1,000.
Nonetheless, keep in mind that you don’t have to spend beyond your means when buying a wedding ring or engagement ring. Instead, assess your savings as there are other expenses to tackle when having a wedding.
How much should a man’s wedding ring cost?
A man’s wedding ring typically costs between $500 to $1,000, where the average price is under $700. This is because it’s common for grooms to prefer cheaper metals like tungsten carbide over platinum or gold.
If you’re curious who should shoulder it, find out who buys the man’s wedding ring.
How much should a woman’s wedding ring cost?
A woman’s wedding ring usually ranges from under $500 to over $1,500. The bride’s wedding band is more expensive than the groom’s because it’s often bigger, more intricate, and some even have stones that cost it to reach over $5,000.
Which ring should be bigger engagement and wedding?
The engagement ring is often the more prominent, not just in size but also in price, compared to the wedding ring. This is because it’s traditional for engagement rings to have more expensive stones than the wedding ring, usually just a metal band.
Is the wedding ring and engagement ring the same?
The wedding ring and engagement ring are not the same because the former is given during the wedding ceremony, while the latter is given during the proposal. So ultimately, it all comes down to the couple’s capacity and preference when deciding on having a separate engagement ring from a wedding ring.
How Much Is A Reasonable Price For A Wedding Ring?
A reasonable price for a wedding ring should only be between 3 to 8% if your wedding budget. It’s not practical to spend thousands of dollars for your wedding rings as there are still expenses for the venue and guests.
How Much Does A Decent Wedding Ring Cost?
A decent wedding ring may cost anywhere from $900 to $4000, whereas most couples are willing to spend over $5,000. Nonetheless, treat these jewelry pieces as an investment for years to come and not just symbols of the union during the wedding ceremony.
For example, if you know what karat gold is best for wedding rings, you’ll find out that the most expensive and purest band isn’t a worthy investment. The best value is a 14k wedding ring because of its durability.
You don’t want a wedding ring under $200 that might cause skin irritation or discolor and chip easily. Instead, invest in durable metals that are meant for daily wear.
And that’s it! To recap how much do wedding rings cost, they start at $500 to $1,000, but some are willing to spend over $4,000.
A reasonable price for a wedding ring should only be about 3% of your wedding budget. However, prioritize durable materials that are slightly more costly than cheap metals that will cost you more in the long run because of replacements.
We hope this was helpful; let us know how much you spent on your wedding ring.