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.
In most cases you can find a traditional tux for less than $200. A name brand tuxedo such as an Armani tux will cost up to $1,000 to rent when you can buy the suit for around $2,000. If you wear the tuxedo twice you have more than made up for the cost of buying it. In addition, you do have the option of buying just the pants and jacket.