Below are some statistics about Davenport’s economy. I’ve lived in the QC/Davenport area my whole life. I would say those figures are pretty accurate. I’ve also been planning my wedding for the past 3 months. We’ve been trying to crunch and save but our budget just won’t allow a nice big wedding. I was recently looking through my vendor/client connection groups and came across a statistic that said the average wedding costs nearly $30,000. So given the statics below, how are people paying that?!? Do you just set aside ALL your bills to help pay for your wedding?
My mortgage alone is $7,200 a year (and that’s not even with the average cost of a home, we bought one for nearly $40,000 less than the average)! So by time you factor out your cost of living the REAL typical wedding budget may be more like the other way around (say $10,000).
As a photographer I know all too well the cost of running a successful wedding business. And believe me it isn’t for the $400-600 wedding budget. We probably lose more money than we make doing those. Same with other vendors. But I understand both sides.
So where is the common ground? Under these cost circumstances brides and grooms are left to choose which vendors are more important to them. Pay $2,000 for a skilled Wedding photographer and you may end up having a relative have to do the videography simply because you can’t afford one. I cringe when I see other professionals try to explain high prices and say the wedding budgets are unreasonable. Honestly, they’re not unreasonable. The price gap between clients and vendors is what is unreasonable.
I want change. We need to come up with a way to bridge the gap! I’m looking for ideas…
The median income for a household in the city is $40,378 with families earning $51,445. Males had a median income of $41,853 versus $30,002 for females. The per capita income for the city was $18,828. About 10.5% of families and 14.1% of the population were below the poverty line, including 19.2% of those under age 18 and 6.4% of those ages 65 or over.
Davenport has a lower cost of living than the national average, in 2010 the average home price was $110,000; Forbes ranked Davenport as the best metropolitan area for cost of living, up from second in 2009. CNN Money ranked Davenport as the 16th most affordable housing in the country.
http://en.m.wikipedia.org/wiki/Davenport,_Iowa (Economy section)