Wedding Money: What Does the Average Wedding Cost?

Q:

What is the cost of an average wedding today? I've heard it's around $20,000. Is this off base?

A:

Though it depends on where you live, that figure's really not that far off -- it's actually a little low. In a recent survey conducted by The Knot, it was revealed that the average wedding is now about $31,213. However, bear in mind that weddings cost more in large urban areas. This figure also includes those lucky brides and grooms who get $40,000-and-up weddings thrown for them, so that does slightly bring up the average.