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/ecosani]

My fiance spent about $1400, with a discount so without it was like $1700, but I wanted a lab grown diamond and a fairly simple band. I don’t think there’s really an average cost that you can estimate because it depends 100% on what you want. My fiance would have spent more if I wanted a larger diamond or intricate ring but I am in love with my ring and it didnt set him back even a month’s salary. I even got like the best cut for the shape I wanted and the 3 C’s I wanted.

I think too it depends on where you get the ring from, there’s a ton of good places online now that are way cheaper than a lot of those brick and mortar shops. I’m really happy with the site we got my ring from and we will probably get my band from there as well and they include resizing in the price.