The amount to spend on an engagement ring in 2025 varies widely, but the average cost typically falls between $5,000 and $10,000. More specifically, the national average cost in the United States is about $5,200 to $6,527 depending on sources and regions. The traditional advice to spend two to three months' salary is considered outdated. Many experts recommend setting a budget based on financial comfort and personal priorities rather than adhering to fixed rules.
Factors Influencing Cost
- Diamond size and quality (average diamond carat weight is about 1.5 carats)
- Metal type (platinum is more expensive than gold options)
- Design complexity (simple solitaire settings cost less than custom or intricate designs)
- Ethical sourcing and lab-grown diamond options can affect price significantly.
Regional Variations
- Costs vary by state, with places like Washington and California having averages over $9,000 to $10,000.
- Other states have lower averages, sometimes closer to $5,000 or below.
Recommended Approach
- Focus on a budget that fits personal financial situations rather than traditional rules like "two months' salary."
- Prioritize what matters most in the ring (size, ethical sourcing, design) and balance quality with affordability.
- Consider lab-grown diamonds for a more affordable and ethical option.
In conclusion, spending on an engagement ring in 2025 is flexible and should be a personal decision based on financial comfort and values, with average costs around $5,000 to $7,000 but widely variable depending on choices.
