The Average Cost Of A Wedding Increases 34 Percent
According to a national wedding statistics and market research organization, the average cost of a wedding unexpectedly increased by 34% from $16,546 in the second quarter of 2009 to $22,121 in the third quarter of 2009. These results were based on survey samples of both couples and wedding vendors across the United States.
You may recall that the average cost of a wedding declined 14% from the first to second quarter of 2009. The year started out with an average wedding cost of $19,212 and then fell to $16,546 amidst a poor economy and a lower than expected demand for professional services. However, this third quarter rebound has more than offset the decline earlier in the year.
Analysts contribute the increase in expense to increased demand and the fact that October was the busiest month in 2009.
Some of the items that saw the highest increases in spending were:
- Reception Bar Service – increased by 69%
- Reception Food Service – increased by 55%
- Antique Car Rental – increased by 52%
Although we did not personally see the decline in early 2009 that many other wedding vendors saw, all of the indicators are that 2010 will be a much better year than 2009 for the wedding industry in general.
Please leave a comment below and tell us how your wedding budget is shaping up for 2010. If you are a wedding vendor, I would be curious to know how wedding bookings/sales are going for you.