Rhode Islanders spend more on engagement rings than residents of all but one other state in the nation, according to a recent study.
Regional Disparities in Engagement Ring Costs
The study, conducted by Los Angeles-based jeweler Mark Broumand, found that the average engagement ring purchase in Rhode Island totals $11,365. Only New Yorkers spend more, averaging $11,692 per ring.
The research compiled data from sources including Rare Carat, Blue Nile, and The Knot to map engagement ring spending across the United States. The study indicates a clear divide, with the Northeast and West Coast generally exhibiting higher spending than the rural Mountain West and Midwest.
National Averages
The national average cost for an engagement ring is $5,200, a figure significantly lower than the average spending in Rhode Island and New York.
Frequently Asked Questions
What state spends the least on engagement rings?
According to the study, South Dakota couples spend an average of $3,005 on engagement rings.
What is the national average cost of an engagement ring?
The national average cost of an engagement ring is $5,200, according to the study.
Which regions of the country spend the most on engagement rings?
The Northeast and West Coast generally spend more on engagement rings than other regions, according to the study.
As economic conditions evolve, will these regional spending patterns on engagement rings shift, or will the current trends persist?
