When you are no more, your family members would need to organize a funeral as well as a burial for you. They would want it to be conducted in a proper and befitting way. You too would want your funeral to be done in the best possible way. Funerals and burials though are not cheap and we should plan to cut funeral expenses. They cost a lot of money. When you are no more, your family members need to spend this money. To take care of this contingency, you may want to take out a burial insurance that would pay for your burial expenses.
But in order to take a policy, you need to know the insured amount or the death benefits needed. For this, you need to calculate burial expenses in advance, so that the policy would pay that amount to your family members to organize a proper burial. Even if you don’t intend to take insurance, it is advisable to know the expenses, so that the amount is available. While this is not a topic everyone would like to discuss, it is something that has to be done.
The actual expenses for the funeral and burial depend on many factors. These include:
- The funeral home selected.
- The funeral services that you want to be conducted.
- The cost of the casket, which depends on its type.
- The cost of the burial plot.
- Whether you opt for burial or cremation.
- Read Frequently asked questions on burial insurance for more information.
While expenses vary depending on these factors, and also depending on the location, on average burial expenses would be $8,755. This is as per the National Funeral Director’s Association. This does not include the burial plot, so the actual expense would be a little more than $10,000.
How to calculate
The average breakup of costs would be as follows:
Expense category Average amount (in $)
Embalming and preparation of the body 1085
Charges by funeral home 650
Ceremony and viewing expenses 900
Graveside expenses 600
Transportation (hearse/limo) 650
Casket or urn 3500
Vault for burial (plot) 2500
Tombstone or a memorial 1000
Floral arrangements 300
Total Expenses 11185
If you want additional services like food catering, burial clothing, it would cost higher.So, as you can see the average expense would be around $11,000. This varies from state to state and depends on the funeral service provider. Also, if you want a better quality of casket or tombstone, you need to pay more. A good quality casket can cost up to $15,000. An elaborate ceremony can cost up to $5,000. The best quality headstone can cost $5,000. All this would take the expenses even higher.
From this, we can conclude that you need to budget anywhere from $10,000 to $15,000 for a funeral. You may budget $20,000 for a good quality burial.
A burial is an expensive process and the cost of the ceremony, casket and plot can go up to $11,000. Make sure you calculate expenses for funeral in advance, so that you can ensure this amount is available and there is no problem during the funeral.