The average cost of a wedding ceremony and reception in 2023 was $35,000, according to The Knot 2023 Real Weddings Study. The total cost is a $5,000 increase from 2022. Inflation over the past few years was a key driver to higher costs, according to the Knot. The report polled 9,318 US married couples between January 1 and December 2023. As the cost of typical weddings in the U.S. has swelled in the past few years, experts say cutting down the guest list is the best way to save on costs, even if you don’t trim it to micro-wedding levels. In 2023, weddings with 25 to 50 guests took up about 15% of the market; weddings with less than 25 guests made up roughly 2% of the market, according to data from The Wedding Report, a wedding research company, provided to CNBC. The average guest count at weddings has been declining since 2006, when the average was about 184 people, according to data from The Wedding Report. Naomi is the CEO and President of Bridal Shows, Inc. and has produced over 350 shows since 1988.