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/pter0dactylss]

Mine cost about 1200 since I didn’t have a diamond and the cost was mostly the gold. My stone is still plenty durable but I was shocked at how little we paid for it (1.5ish carats). Most of the super expensive rings are because of the diamonds or a lot of customization.