The employment rate for young adults with some college was higher than the rate for those who had completed high school (63.7 percent), which was, in turn, higher than the employment rate for those young adults who had not finished high school (46.6 percent).
According to The Knot, renting costs 10 to 30 percent of the price of a new tuxedo. CostHelper lists the cost to buy a tuxedo between $300 to $800 for a mid-range suit, but says designer tuxes can cost from $800 to $1,500, sometimes more.
2. Don't overspend on the tuxedo. The average cost of renting a tuxedo is $141, according to WeddingStats.org. You can cut the price if you don't order the deluxe packages that can include such things as a pocket square and vest. When my son went to proms, he saved a considerable amount of money by picking the no-frills tuxedo.