Think divorce is expensive? Try getting married.
The average cost to earn the right to file a joint tax return hit a five-year high in 2014, according to a new survey of 16,000 brides. TheKnot.com reports that the average wedding in America last year came with a price tag of more than $31,000.
Stoked by better job prospects and a stabilized housing market nationwide, the website notes that figure is almost equal to pre-recession highs when adjusted for inflation.
But if budding spouses are dropping more scratch, people who work in wedding-related fields aren't seeing it here in Minnesota.
"What I've experienced is people are more willing to spend on things that matter to them," says Dawn Tisdell, owner of Minneapolis Event & Travel Planning. "I have clients who are spending $2,000 on draping and lighting, and only $700 on a DJ. It really depends on what your priorities are."
While half the couples surveyed by TheKnot.com went over their wedding budget, that hasn't been Tisdell's experience. Same goes for the 31k average.
She cites clients currently planning a June wedding. They're a same-sex couple getting married in a veterans hall. Fifty guests are planned. Between flowers, DJ, cake, and miscellaneous costs, they're budgeted to come in around $12,000.
"For those couples who don't want to spend a lot of money on the location, who instead choose to get married at a place like an orchard," says Tisdell, "you can have a real nice wedding for between $10,000 and $15,000."
Tisdell knows of what she speaks.
According to TheKnot.com's survey, couples who spend more than $20,000 on their wedding were nearly four times more likely to eventually get divorce lawyers than those who shelled out half that amount.
So line up the keg, fire up some hotdogs, and invite your friends to wear their finest Miko Koivu jerseys. That's how you build a lasting marital bond in Minnesota.
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