Wedding season in the United States typically begins in May, bringing with it a flurry of celebrations and financial considerations. The average cost of tying the knot last year was approximately $33,000, as reported by The Knot’s "2025 Real Weddings Study." This figure represents a $2,000 reduction compared to the previous year. Numerous elements contribute to the overall expense, such as the venue, catering, floral arrangements, entertainment, and photography services.
Various factors influence the total expenditure on weddings. In 2024, couples spent an average of $12,200 on their chosen venues, while catering costs averaged around $80 per plate. Floral decorations and entertainment options like DJs or live bands were also significant contributors, costing roughly $2,700 and $1,700 respectively. Photography services came at a premium, averaging $2,900. Regional disparities play a crucial role, with states like Utah and Iowa offering more affordable ceremonies, whereas New Jersey, Rhode Island, and Illinois are known for their higher price tags.
The wedding industry is not immune to broader economic trends. Tariffs imposed on imported goods could potentially affect sectors reliant on foreign materials, including florists, bartenders, and fashion designers. A survey conducted by LendingTree revealed that nearly half of newlyweds primarily financed their weddings through personal savings. Credit cards, parental support, and personal loans were other common funding sources. Despite efforts to manage costs, about two-thirds of newlyweds incurred some form of debt to cover their special day. Embracing these realities underscores the importance of prudent financial planning and creative budgeting strategies when organizing life's most cherished events.