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GOBankingRates found in a recent survey that the biggest expense for both groomsmen and bridesmaids is the bachelor or bachelorette party. Groomsmen are especially big spenders, though. The average amount they reported spending on a bachelor party is $681.13; whereas, bridesmaids spend $437.31, on average. When planning a bachelor or bachelorette party, keep these costs in mind. And if you want to party in a big city, pick a destination that's fun -- but also affordable.
1 The typical cost for a two-hour cocktail party ranges from $25-$230 per person. 2  On the higher end, hosts may choose a high-end venue, premium hors d'oeuvres and a full bar. 3  Caterers specializing in cocktail receptions let the host choose hot and cold appetizers for about $15 to $35 per person.