Hey, cheapskates! Here’s how much your partner expects you to spend on Valentine’s Day this year (2024)

The cost of love in 2024 is enough to break your heart.

A new report reveals the precise amount Americans feel pressured to spend on their special someone this Valentine’s Day — and the price tag could hurt.

A survey from consumer review site Trustpilot found that the cost of Valentine’s Day 2024 will average out to a spendy $157.52.

Another report from Driver Research puts the total higher at $192, with dinner and drinks on Feb. 14 running about $154.

According to the Bureau of Labor Statistics, the cost of the evening has climbed a national average of 5.2% year over year.

And to pay for it, one in one in four coupled millennials said they were fine racking up (more) credit card debt in order to make the night a special one, the Trustpilot survey showed.

Hey, cheapskates! Here’s how much your partner expects you to spend on Valentine’s Day this year (1)

“People are feeling under more pressure than ever before to splash out on loved ones,” Trustpilot Chief Customer Officer Alicia Skubick said,

Driver’s data finds those who are in one to two-year relationships are the most susceptible to high prices. They will be dropping $247 on average, whereas those together for less than a year will be spending $186.

Those who’ve been at each other’s sides for over ten years will spend about $189.

One in ten say they’ll break up with their boo if there’s no gift whatsoever and 16 percent risk the dreaded silent treatment, per Trustpilot.

Both a quarter of Gen Z and Millenials say they’re willing to sacrifice a cost of living expense like gas, food, or rent to be a romantic dream on February 14 too, the same report showed.

Hey, cheapskates! Here’s how much your partner expects you to spend on Valentine’s Day this year (2)

Not that it’s worth the trouble —Driver noted nearly half of these people don’t even like their gifts.

And stay away from mixtapes, the data suggests — they’re only well received 13% of the time.

At the same time that cost-efficient lab-grown diamond wedding rings are soaring in popularity, many couples are taking a more pragmatic approach to the greeting card holiday as well.

Trustpilot noted 30% plan to skip V-Day, while another, highly benevolent 21% would rather their lover spend the money on themselves.

Hey, cheapskates! Here’s how much your partner expects you to spend on Valentine’s Day this year (2024)

FAQs

How much is reasonable to spend on Valentine's Day? ›

Driver's data finds those who are in one to two-year relationships are the most susceptible to high prices. They will be dropping $247 on average, whereas those together for less than a year will be spending $186. Those who've been at each other's sides for over ten years will spend about $189.

How much will Americans spend on Valentine's Day 2024? ›

The National Retail Federation (NRF) estimates that consumers will spend a record $25.8 billion, an average of $185.81 per person, on Valentine's Day in 2024. It is no wonder that US retailers love the holiday.

What percentage of people are expected to celebrate Valentine's Day this year? ›

Plans to celebrate Valentine's Day in the United States 2007-2024. In 2024, around 53 percent of respondents in the United States said they planned to celebrate Valentine's Day.

Should the man pay on Valentine's Day? ›

So who's paying for the Valentine's Day date and beyond? It depends on whom you ask. Most Americans (72%) agree that in a heterosexual couple, the man should pay on the first date. Interestingly, men are more likely to say this than women (78% vs.

How much should I spend on my girlfriend for Valentine's Day? ›

With the average cost of V-day gifts for those who have been seeing each other at least two years sitting at around $150, we suggest paring that down when it comes to newer relationships. If the relationship is newer (less than six months), or hasn't even been defined yet, keep it under $100.

What is the bare minimum for Valentine's Day? ›

The bare minimum is plenty: You can't go wrong with long-stem roses. Arrange Necco Sweethearts into a sentimental poem. Right now you can win by merely showing up.

Which state spends the most on Valentine's Day? ›

Hawaii has been crowned the most loved-up US State.

The Polynesian island has one of the lowest divorce rates, a high marriage rate and a low percentage of single-person households. Not only that, but Hawaiians spend far more of their hard-earned dollars than the average American on their partners on Valentine's Day.

Who spends the most money on Valentine's Day? ›

Ages 35-44 sweet spot for Valentine's spending

Although consumers age 35 to 44 are expected to spend the most on their significant others, they're also expected spend the most on gifts for pets.

What country spends the most on Valentine's Day? ›

Spending an average of roughly 100 euros each in 2021, lovebirds in Hong Kong were the highest Valentine's Day spenders. Average romantic gift expenditures were also high in places, such as the United Kingdom, Ireland, and the United States.

What gender spends more on Valentine's day? ›

Not only that, Valentine's Day tends to be the most popular day to get engaged. Spending differs by gender and age. Men spend more on Valentine's Day ($200+), while women usually spend less. Millennials are the biggest spenders, with those in that age group planning to spend around $300 on the holiday.

Is Valentine's day important in a relationship? ›

“Ultimately, V-Day is often a day to express love and affection toward your partner, so for those who have personal reasons for not wanting to celebrate, I encourage them just to see it as another day to express love for the person(s) in their life who deserve their flowers 365 days of the year.” So even if one half of ...

How many couples get engaged on Valentine's day? ›

Nearly 6 million couples get engaged on Valentine's Day.

Valentine's Day is one of the popular days to pop the question.

How much does the average man spend on Valentine's Day? ›

It turns out men tend to expect their partner to spend around $211 on them for Valentines' Day, while the average man will plan to shell out $339 for their partner. And what about the ladies? Women expect to be treated to about $154 worth of V-Day treats, but only end up spending around $64 for their SO.

Should I get my boyfriend anything for Valentines Day? ›

Receiving sweet, romantic gifts on Valentine's Day is totally romantic, so it's important to keep up the same energy for your boyfriend — because even though your SO is super low maintenance and swears that he doesn't want anything, deep down, you know he's hoping you come through with something big.

What are guys supposed to do on Valentines Day? ›

Top 10 Valentine's Do's
  • Send a gift to work. If your partner is employed, delivering or sending a Valentine's Day gift to work is a welcome idea. ...
  • Make a homemade Valentine. ...
  • Cook for her. ...
  • Remember romance. ...
  • Turn off the electronics. ...
  • Write her a love letter. ...
  • Watch a chick flick. ...
  • Offer her a massage.

What is a normal Valentine's Day gift? ›

Preserved Roses

As the holiday of love, Valentine's Day is the perfect occasion to give those traditionally romantic gift ideas that shouldn't be overlooked as "basic." Namely, flowers! A bouquet of roses is a sweet gesture for your longtime partner or new boo to express your adoration.

Who should pay for Valentines date? ›

68% of women expect their male dates to pay, while 78% of men feel responsible for the cost. The person who extends the invitation for a date should pay the tab and tip. If unimpressed on a first date, offer to pay your part to avoid wasting the other person's money.

What is the average dollar amount spent on Valentine's Day jewelry? ›

Candy is the most popular gift item with more than half of adults purchasing candy for someone else and nearly half purchasing candy for themselves. Included in the average consumer's Valentine's spending is $16.71 in flowers and $15.90 in candy. Shoppers each spent $45.75 on jewelry.

What percentage of people dine out for Valentines Day? ›

As for how Americans plan to celebrate Valentine's Day, 24% say they will dine out at a restaurant, while 19% plan to share a meal at home. Around one in four – 27% – say they'll give or receive a gift, and 20% a card. One in five (19%) say they'll have sex.

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