According to a new report, it actually costs more money to get married than to buy a house in these 10 US cities — three of which are in Illinois.
Some couples who are looking to their future may have a difficult financial decision ahead of them: to get married or to buy a house.
In some places in the country, it’s actually more expensive to have a wedding than it is to buy a house, according to a Tuesday report fromFor its report, the financial technology company compared the 150 largest metro areas in the U.S. and compared them based on three metrics: average wedding cost, median home sales price and 13% down payment – which SmartAsset found by taking 13% of the median home sales price in each city, according to the methodology.
Aside from its top 10 ranking, SmartAsset also found that only 20 cities out of 150 had cities where a wedding was more expensive than a down payment on a house. To see which cities made it to the top of the list, here are the 10 places where a wedding costs more than a down payment, according to SmartAsset.How much more is a wedding than a house: 76.66%13% down payment: $15,470Median home sales price: $135,100Median home sales price: $128,100Median home sales price: $161,400Median home sales price: $170,400Median home sales price: $141,3008. Buffalo-Cheektowaga, New YorkHow much more is a wedding than a house: 21.
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