When factoring the cost of living, many of us forget to include the cost of death as well. Funeral costs, in particular, are something that most Americans put off until the last minute.
An average funeral now costs between $8,000 and $10,000 in the country. If you live in Utah, a mortuary in Tooele or Salt Lake City such as Didericksen Memorial will have a more or less expensive rate depending on certain factors.
Traditional funeral costs can be divided into three simple categories, which comprise the services of the funeral home, cemetery, and headstone or grave marker. It may cost an estimated $6,000 alone on a funeral home’s products and services (the casket, embalming, and other miscellaneous expenses).
Cemetery expenses include the grave space and the cost of digging it, which can amount to $1,000 each. Many people are unaware that these two have different fees, so it’s better to ask beforehand to avoid any budget shortfall. A headstone and grave marker will cost you an additional $3,000.
Cost of Dying
According to the Bureau of Labor Statistics, funeral costs have increased more than 220% in September 2017 compared with December 1986. Funeral prices have risen more than 120% during the same period. For this reason, it is more important for families to plan if they want to save money.
Some pre-planned funeral packages could allow you to save up to $5,000 from out-of-pocket expenses. The only thing that could be stopping you is the idea of thinking about the death of a loved one.
Now may be a good time to reconsider starting planning for a funeral. Doing so eases the financial burden for those you leave behind. You also have the chance to plan how you want to be laid in your final resting place. How much are you willing to spend on a funeral?