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Weddings are notoriously expensive affairs – between the venue, catering, entertainment, cake, flowers, photographer, and other expenses, these celebrations cost tens of thousands of dollars. And while wedding costs are increasing every year, the cost actually fell in 2020 due to the pandemic – according to The Knot, the average cost of a wedding fell from $ 28,000 in 2019 to $ 19,000 in 2020, and reverse – with a vengeance – for 2021 .
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Labor costs, equipment rentals and food prices are higher this year
The consumer price index saw its biggest spike since 2008 in all sectors from April 2020 to April 2021, including the cost of shipping and groceries – categories that could add to the price of a wedding, US News reported. In addition, server and bartender labor costs and equipment rental prices have also increased.
The cost of flowers can also be higher as many mom and pop flower shops closed during the pandemic and those who remain can charge more for their flower arrangements with less competition. In addition, many vendors – including caterers and decor rental companies – are increasing their prices to account for the loss of income in 2020, Business Insider reported.
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The venues have raised prices to make up for the losses in 2020
With large gatherings banned in many states for much of 2020, wedding venues lost a lot of business last year. Now they are trying to make up for their losses by charging more for 2021 weddings, US News reported. And those price increases have been substantial – wedding planners told the point of sale that they have seen price increases in the 30-40% range for some venues.
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It can also cost more to attend a wedding
Attending a destination wedding or a wedding outside of the state means paying more for your trip this summer – the days of crazy travel deals you could get during the pandemic are over. According to Forbes, airfares have increased by an average of 9% compared to 2019, and hotel prices are also increasing.
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And if you are planning on renting a car, be ready to pay the highest dollar. Many car rental companies sold a large part of their fleets during the pandemic, so they are now struggling with high demand and low supply. This means they can ask for more than before – if you get a rental car reservation at all.
You should also expect to pay more for a wedding gift. Consumer prices have skyrocketed in many categories, especially housewares, which are typically a popular category of wedding favors.
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Last updated: June 30, 2021
This article originally appeared on GOBankingRates.com: The Cost of a Summer Wedding in 2021