![]() Remember that these average funeral costs don’t include outside services, such as the burial plot, transportation, or flowers. These values were then adjusted to each state’s respective cost of living, sourced from the Missouri Economic Research and Information Center. The latest numbers from the National Funeral Directors Association (NFDA) show that most families pay an average of 7,360 for the funeral, or 8,755 if the cemetery requires a vault. The average out-of-pocket expenditures toward end of life necessities is $11,618, according to the National Bureau of Economic Research in 2010 dollars this amount was then adjusted to current 2020 dollars ($13,843.38) using the Bureau of Labor Statistics’ consumer price inflation calculator. Use it when you shop with several funeral homes to compare costs. It’s essential to account for these expenses and offer your family peace of mind. In 2023, the cost is expected to stay between 10,500 to 15,000 (Adjusted based on inflation rate). Make copies of the checklist at the end of this article. In 2022, the average funeral cost was around 9,600. Methodology: GOBankingRates determined the cost of dying in all 50 states based on the median out-of-pocket funeral expenses - $7,640, which includes viewing and cremation costs - sourced from the National Funeral Directors Association’s 2019 report this amount was then adjusted to current 2020 dollars ($7744.77) using the Bureau of Labor Statistics’ consumer price inflation calculator. Funeral costs include basic services fee for the funeral director and staff, charges for other services and merchandise, and cash advances. Mark Shrayber and Joel Anderson contributed to the reporting for this article. ![]() 9 Money Moves You Should Make This Week.3 Things You Must Do When Your Savings Reach $50,000.Traditional cremation can cost anywhere from 4,000 to over 7,000. Our research found that prices can range from 3,700 to 10,450. In the US, a direct cremation typically costs between 600 and 3,000, while cremation with a memorial service ranges between 1,500 and 4,000. Funeral costs can vary widely depending on your city, service provider and elected services. 11 Best ChatGPT Plugins To Use for Making Money The average cost of a funeral in Kansas is 6,528 based on surveyed data from funeral homes across the state.The Aloha State doesn’t have an inheritance tax, but estates worth more than $5.5 million are taxed at a 10%-20% rate. Average end-of-life medical costs: $29,672ĭeath in Hawaii is by far the priciest among all the states, as funeral costs average $16,517 and the benchmark for medical expenses correlated with end-of-life care is $29,672. What are your options Guides Arranging a funeral How much does a funeral cost The cost of a funeral might be daunting, but at Farewill you can arrange the perfect goodbye at an affordable price.
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