Valentine's Day

What the Average American Spends on Valentine's Day

What the Average American Spends on Valentine's Day
Image credit: pixabay.com
News associate
1 min read
This story originally appeared on CNBC

Looking to have a romantic Valentine's Day this year? It could set you back a few hundred dollars.

From roses and jewelry to dinner and champagne, Valentine's Day can be a costly affair, according to Bankrate.com.

The company compared prices for a handful of Valentine staples to determine just how much the average American spends on Feb. 14.

The answer? $512.02.

"For most couples, the expectation is there regardless of what the economic situation is," Ron Hill, a professor at the Villanova University, said in a statement. "Love is one of the few things that we think has that infinite value."

Here's a break down of the average prices for a typical Valentine bundle, according to Bankrate.com:

  • A dozen roses -- $41.66
  • A heart-shaped box of chocolates -- $15.11
  • Fine dining for two -- $80.46
  • A bottle of champagne -- $51.54
  • Diamond earrings -- $323.26

This is the first year that Bankrate has run this index, as such there is no way to track how this year's expenses compare to previous years.

 

More from Entrepreneur

Corene Summers helps clients advancing their health, careers and lives overall through reducing stress, tension and optimizing sleep.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Starting, buying, or growing your small business shouldn’t be hard. Guidant Financial works to make financing easy for current and aspiring small business owners by providing custom funding solutions, financing education, and more.

Latest on Entrepreneur