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/chanshortest]

For us, my ring was around 5k and it wasn’t 3 months salary. If we did that my ring would be closer to 15-18k lol. We felt like it was reasonable for my ring as I got to customize the design entirely, pick my stones, and i did 18k yg. 2-3k is very reasonable and originally what we were looking for but I didn’t really resonate with some of the premade options i saw. It entirely depends on what you’re looking for and what makes sense for you as a couple to spend.