How much does the average engagement ring cost?

The average cost of an engagement ring is $4,000 – $6,000 USD.


Jewelers of America

The 2015 Jewelers of America Cost of Doing Business Report surveyed 116 businesses about their financial performance in 2014.

  • The median engagement ring price for all firms was $4,000.
  • The median engagement ring price for firms with sales over $3.5M was $5,175.  Most people are probably buying from larger jewelers.
Average Wedding Band Pricing ($) All Firms High-Profit Firms Sales Under $0.8M Sales $0.8-$1.6M Sales $1.6-3.5M Sales Over $3.5M
Engagement Ring 4000 3000 2900 3500 4306 5175
Male Wedding Band 500 450 450 488 506 595
Female Wedding Band 1000 899 813 971 1130 1152

The Knot

The Knot surveyed 18,000 couples who were married in 2015.

  • The average engagement ring price was $5,871.

theknot_statistics

WeddingWire

WeddingWire surveyed 6,000 couples who were married in 2015.

  • The average engagement ring price was $4,758

weddingwire2015