A recent survey by the Harris Poll has shown two - thirds of young Americans think an engagement ring should cost less than $ 2,500 , which is much lower than the average actually spent . The Knot 's Real Wedding survey in 2011 found the real average expenditure on an engagement ring is $ 5,680 . One in four Americans said they have decided not to get married , while 40 % of millennials said they plan to pay for their own weddings . However , only 7 % of parents said they do not intend to contribute to the cost of their offspring 's wedding .
A recent survey by the Harris Poll has shown two-thirds of young Americans think an engagement ring should cost less than $2,500, which is much lower than the average actually spent. The Knot's Real Wedding Study in 2018 found the real average spent on an engagement ring is $5,680. One in four Americans said they have decided not to get married, while 40% of millennials said they plan to pay for their own weddings. However, only 7% of parents said they do not expect to contribute to the cost of their offspring's wedding.