The Prom Decoded: How Much is Too Much for the Big Dance?
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Families located on the West Coast also expect to pay less than the national average with just $744 working out as the average.
The prom price starts to spike when looking at Southern families, who expect to spend $1,047 on average for their teens’ annual dance.
However, it’s the Northeast that takes the cake on prom related expenditures with an expected average of $1,944, that’s almost double the national average.
One of the more interesting outcomes of GfK Roper OmniTel’s survey was how families’ expected prom spending didn’t correlate to their income. For instance, families who make less than $50,000 a year reported that they planned to spend more than the national average. In fact, parents who make $20,000 to $29,999 expected to spend around $2,635.more
Conversely, the survey found that families who made more (over $75,000) were actually more frugal with their prom plans as the average expected spending worked out to be just $842.