How much should the average engagement ring cost?

 Engagement rings can be any size, shape, gem, and price. If you want a traditional diamond ring, check with local jewelers, etc. for choices. There are 4 Cs - cut, color, clarity and carat. Most jewelers will recommend spending about two months' salary for a diamond engagement ring. But, some very beautiful rings can be had for much less (depending on the salary). You could spend anywhere from several hundred to many thousands of dollars. This depends purely on your choice and budget. There's no need to go broke on one of the first items in your wedding planning.

In EZ Wedding Planner, there is an extensive discussion on engagement rings. This can be found in Plan/Great Ideas/Rings.