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What the Average American Spends on Valentine's Day

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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.

 
pixabay.com

Written By

Sarah Whitten is a news associate at CNBC.