Average Cost Of A Funeral
Average Cost Of A Funeral
Final expenses also add more grief and financial strain to the already suffering family. People are never prepared for these unexpected expenses.
That’s why a final expense policy or a traditional life insurance policy works best for people who want to secure their families from the hardships that follow after their death. Whether it is the cost of the final medical bills, funeral, cremation, burial, or other things that follow, a loss-bearing family is never composed enough to deal with these things immediately after hearing the bad news.
In fact, the cost of a funeral has grown over time to become more expensive with each passing year. In the past 30 years, funeral costs have hiked by a whopping 227.1%. Moreover, 2.4 million funerals occur every year, costing around $8,000 to $10,000 to the mourning family and loved ones.
Below are some of the average funeral expenses you can expect:
• Basic services fee – $2,500
• Casket – $2,500
• Funeral director’s fees – $1,500
• Embalming and body preparation – $750
• Funeral ceremony – $925
• Transportation – $500
Factors That Affect The Average Cost Of A Funeral
There are several factors that can impact the cost of your funeral. For example:
- The Residential State: The average cost of a funeral can vary throughout the 50 states of the US, and depending on the state, it can be cheaper or more expensive than the quoted average amount.
- Funeral Home: The service fee averages around $2,000 – $2,500.
- Funeral Plot: The average burial plot will cost around $350-$5,000. However, the metropolitan areas may cost more.
- Cremation vs. Burial: The average cost of a cremation ranges from $4,000 – $6,000, whereas a burial can be between $6,000 – $8,000.
- Casket: An average casket can cost between $2,000 – $5,000, while more expensive ones can take the expense up to as much as $10,000 or more.
- Embalming: Embalming averages around $500, $700, and $1,000 max.
- Flowers: Flowers are always optional – but to get an elegant display, they can cost you around $500-$700.
- Wreaths: Wreaths typically cost around $500-$700 each.
- Headstone or Grave Marker: Gravestones can cost around $2,000 – $5,000 depending on the chosen design, while grave markers can cost $1,000 or more.
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