Wedding Industry Statistics 2020
Every year, The Knot Real Weddings Study reveals the average wedding cost and more official data per state. About 7,600 couples across the country, who originally set a wedding date between January 1 and December 31, 2020, participated in the study. In 2020, COVID impacted just about everything across the wedding industry, including the average wedding cost and more prewedding related event costs.
Nevertheless, the data still indicates a broader, industry-wide impact of the pandemic on the average wedding cost in America. Based on our respondents’ answers involving spend on ceremony and reception, we were able to determine the 2020 national average cost of a wedding is $19,000, a drop from 2019’s average wedding cost of $28,000. This number again accounts for the ceremony and the reception, and COVID, of course, has impacted both. The average wedding cost is typically influenced mostly by the guest count, the venue, and the format of events, which have all been upended by the pandemic. Therefore, the average cost of a wedding in 2020 was heavily skewed.
Full Article / Source: The Knot