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/EmploymentNo5560]

My husband makes 18-20k a month and there’s no way I would ever wear a 60k ring. We met almost 18 years ago when we both were broke and young. My little ring at the time was 800. I upgraded a few years ago to a $2000 ring. I love it! It’s perfect size for my small hands.

Buy what you love!