2020 and 2021 will likely be two of the worst years in wedding industry history. for 2020, the average wedding cost came in at $20,286 down 21.6% from the 2019 total of $24,675. for 2021, we believe that couples will continue to spend less and the current estimate is at $22,473.
over 2 years, the industry will lose approximately $47 billion in total sales, with only slight gains in 2022, 2023, and 2024, there may be surge demand that would generate an additional $13 billion in total sales. but we will likely never recover the loses from 2020 and 2021. many states have not published their 2020 numbers yet, so we might be months from knowing the exact number. in general, we think 2020 will come in between 1.2 and 1.4 million weddings. based on what couples and vendors are saying in our surveys, 2021 will look remarkably similar to 2020. we believe that the number of weddings will come in between 1.8 and 2.0 million for 2021. over 2 years, the industry will lose 1.3 to 1.6 million weddings with some surge in 2022, 2023, and 2024. but we do not believe that surge over 3 years will be enough to recover the loses.
a vast majority of information comes from just two sources: the knot and wedding wire (both of which are owned by the same parent company, but we will get to that). the knot and wedding wire are essentially giant ads where vendors pay hundreds of dollars a month for a directory listing in hopes of finding couples willing to spend big on their services. the average reported wedding spend was $26,720 but 3 in 4 couples are spending less than $20,000 on their event. the average is the arithmetic mean of a set of numbers.
half of couples spend less than the median and half spend more. rather, they are from carefully curated styled photoshoots with models, props, and scenes that would be far too expensive to duplicate on the larger scale of an entire wedding. the reality is that 3 in 4 couples are spending less than $20,000 on their event. “the wedding industry’s pricey little secret.” slate magazine, 19 mar.
based on our respondents’ answers involving spend on ceremony and reception, the 2021 national average cost of a wedding is $28,000 ($34,000 couples budget, on average, around $23,000 for their wedding but end up spending around $30,000, with more than half of all couples increasing the average cost of a wedding in 2020 was $20,300, a $4,400 per-wedding decrease from the year before. many factors combine to determine the, average wedding cost breakdown, average wedding cost breakdown, average wedding cost 2022, average wedding cost 2021, average wedding cost for 50 guests.
the average wedding cost is $28000, according to the knot. but it’s possible to pay much less than that for your wedding. here’s how to do it. for example, the article the average wedding cost $19,000 in 2020, about $10,000 less than the year before from business insider. obviously, changing a core every year, the weddingwire newlywed report surveys thousands of couples to find the average cost of a wedding. pre-covid, the average cost of a, wedding cost calculator, average wedding cost chicago, average wedding cost by state, how much does a cheap wedding cost.
When you try to get related information on average wedding budget 2020, you may look for related areas. average wedding cost in texas 2020,average cost of wedding gift 2020,average indian wedding cost 2020,average price of wedding ring 2020,average cost of wedding flowers 2020,average cost of wedding photographer 2020 average wedding cost breakdown, average wedding cost 2022, average wedding cost 2021, average wedding cost for 50 guests, wedding cost calculator, average wedding cost chicago, average wedding cost by state, how much does a cheap wedding cost.