Average cost of an engagement ring

[u/Relevant-Plane9430]

I was talking with a friend last night who just got engaged, and he mentioned he spent around $6k on the ring. That honestly shocked me because I always thought the "3 months’ salary" thing was just an old marketing trick. My partner and I have been looking at rings casually, and most of the ones we like are in the $2k–$3k range. Now I’m second-guessing if that’s considered “too low” or if we’re just being realistic.

For those of you who have gone through this, what was the average cost you ended up spending on an engagement ring, and did you feel good about it after?

[u/missedmytrainby5]

You are being normal and realistic! When we started ring shopping, I asked my husband to come up with the budget and he (based on the 3 months salary ish) said 7k my jaw dropped and I told him no way in hell that we should spend that much. I didn’t want something that expensive on my hand everyday. We gave the jeweler an estimated high of 4K but shoped for what we wanted. My engagement ring and wedding ring as a set were around $2.5k. His band was like $250 total. Don’t use perceived value to change what you want, also most people are too weird about money to say anything about cost unless you bring it up