{"id":36560,"date":"2025-10-08T14:57:08","date_gmt":"2025-10-08T14:57:08","guid":{"rendered":"https:\/\/financialrush.com\/?p=36560"},"modified":"2025-10-08T14:57:08","modified_gmt":"2025-10-08T14:57:08","slug":"attending-a-wedding-can-cost-as-much-as-rent-zillow-report-finds","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=36560","title":{"rendered":"Attending a wedding can cost as much as rent, Zillow report finds"},"content":{"rendered":"

\n<\/p>\n

<\/p>\n
\n
\n
\n

Thomas Barwick | Digitalvision | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n

\n

It’s no secret that many young adults are having a hard time financially<\/a>, especially when it comes to affording a home purchase. Weddings may be exacerbating the problem for some.<\/p>\n

The typical monthly rent, which captures rent prices for multi- and single-family rentals, was $2,007 in August, up 2.4% from a year prior, according <\/a>to Zillow.\u00a0<\/p>\n

A separate <\/a>recent report by the housing site found that attending just one wedding and a bachelor or bachelorette weekend can cost $2,010.<\/p>\n

“It really is eye-opening when you put it right next to rent,” said Amanda Pendleton, the home trends expert at Zillow.<\/p>\n<\/div>\n

\n
\n
\n
\n

More from Your Money:<\/h2>\n
\n

Here’s a look at more stories on how to manage, grow and protect your money for the years ahead.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

\n

Some renters will go to extremes to attend such milestone events. About 45% of surveyed Gen Z and millennial adults reported making a housing sacrifice to afford such celebrations, Zillow found.<\/p>\n

Among those trade-offs: About 11% of those surveyed said they live with roommates, while 9% said they were saving less for a down payment. Still others said they were either renting or buying a smaller home, at 8% and 7%, respectively.<\/p>\n

The site polled 1,200 U.S. adults ages 18 to 45 in mid-August. Gen Zers are those aged 18 to 30, and millennials are those aged 31 to 45.<\/p>\n

“It’s just a tangible way to show how these celebrations can disrupt housing stability,” said Pendleton.<\/p>\n

Receiving multiple invitations<\/a> in a short period can amplify the effect.<\/p>\n<\/div>\n

Renters are renting for longer<\/h2>\n
\n

Housing unaffordability has kept many millennials and GenZers priced out of the for-sale market, making them renters for much longer.<\/p>\n

The median sales price of an existing home was $422,600 in August, according<\/a> to a late September report by the National Association of Realtors. That is up 2% from a year prior, when the price was $414,200.<\/p>\n<\/div>\n

\n
\n
\n
\n
<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n

In 2024, the NAR found <\/a>that the median age of first-time homebuyers reached an all-time high<\/a> of 38 years old.\u00a0In the 1980s, the typical first-time buyer was in their late 20s.\u00a0<\/p>\n

However, marriages are happening before people become homeowners. In 2025, the average age of marriage in the U.S. is 32, according <\/a>to The Knot, a bridal site. That average has remained the same since 2023.<\/p>\n<\/div>\n

How to afford wedding costs<\/h2>\n
\n

While it’s easy to get carried away with wedding-related celebrations, it’s important to not stress your finances, experts say.<\/p>\n

You also want to be careful about relying on forms of credit. In 2024, about 31% of wedding guests had taken on debt to attend a wedding, and 23% of those who did so borrowed $2,500 or more, according <\/a>to LendingTree.<\/p>\n

Luckily, many engaged couples send wedding save-the-dates from six months to a year in advance, said Gloria Garcia Cisneros, a certified financial planner and wealth manager at LourdMurray in Los Angeles.<\/p>\n<\/div>\n

\n

If you receive enough notice, find ways to reallocate cash you usually spend on discretionary expenses into a separate savings account, said Cisneros, a member of CNBC’s Financial Advisor Council<\/a>. Cisneros said that saving the money in a separate account to avoid the temptation from using it ahead of time.<\/p>\n

To make your savings grow, a high yield savings account generally offers a much higher annual percentage yield than traditional savings accounts.\u00a0<\/p>\n

While the Federal Reserve recently slashed interest rates, the top 1% of accounts average 4.03%, according <\/a>to DepositAccounts. The national average for savings accounts is 0.49%.<\/p>\n

If you find yourself invited to multiple weddings in a year, and buying a home is a priority, you may need to consider other trade-offs, like deciding which weddings to attend and which to skip.<\/p>\n

Between travel, accommodations, attire and gifts, the average cost per wedding guest in 2024 was $610, according<\/a> to The Knot. That is an increase of $180 over the past five years.<\/p>\n<\/div>\n<\/div>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Thomas Barwick | Digitalvision | Getty Images It’s no secret that many young adults are having a hard…\n","protected":false},"author":3,"featured_media":36561,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-36560","post","type-post","status-publish","format-standard","has-post-thumbnail","category-investing","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/36560","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36560"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/36560\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/36561"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}