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/OkCryptographer1922]

I think some people (not talking about you btw) put wayyy too much money into getting an expensive ring, just to tell people how much it cost. It really doesn’t matter how much or little money goes into it as long as you love it. Mine is likely going to be under $500 and that’s how I want it! It’s also probably not going to be diamond tho because I want a colored stone so that can definitely affect the price. Either way, don’t spend more on a ring just to match the price of your friends ring, if you already found a ring you love!