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What Americans spend on an engagement ring in each state, ranked from lowest to highest Handout/Getty Images An engagement ring is an expensive purchase — Americans spend an average of $6,351. But when broken down by state, the average amount ranges from $3,518 to $10,241. People in California spend the most on engagement rings, while those in Utah spend the least. The average American spends $6,351 on an engagement ring according to The Knot's 2017 Real Weddings Study. There are many factors that go into pricing a diamond engagement ring.Diamonds are graded and priced based on t...
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