June is not only the beginning of summer, it also marks the beginning of wedding season. And save the date for June 18th: It will be this year's most popular date to say "I do," according to wedding marketplace The Knot.
While there are fewer couples getting married than ever before, the wedding industry that IBIS estimates is $60 billion continues to grow as couples are spending more than ever on the event.
The Knot found that wedding costs have increased by more than $5,500 in the past five years. After surveying 18,000 couples that were married in 2015, couples spent more than $32,000 on average for their the big day, which excludes the cost of the honeymoon.
Couples spend the most money getting hitched in New York City, specifically Manhattan: On average couples married there will spend $82,000, The Knot found. Where do couples spend the least? In Alaska, where getting hitched costs a little more than $17,000.
While the spending has gone up in recent years, the guest list size has gone down. The 2015 wedding had 139 guests, down from 149 in 2009. So where are the extra dollars per guest going?
"They're looking to have a personal experience that really speaks to them as a couple," Kristen Cooper Maxwell, Executive Editor of The Knot told CNBC's "On the Money" in an interview.
For example, "they're looking to have a cigar roller maybe, if the groom is a cigar aficionado, or they're looking to have a satellite bar with margaritas if they met on Cinco de Mayo," said Cooper.