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.
The quick answer to this question is financial: If you'll wear the tuxedo more than three times in the next few years, buy it. Since the price to buy a tuxedo can be around $1,000 and tuxedo rentals run approximately $200 each, you'll get more for your money when you buy. There are, of course, other reasons to purchase when you step into a tuxedo store. For one thing, you'll probably have more choice in fabric, lapels, design or buttons. For example, if you need to wear your tuxedo primarily in warm, summer months, then you may be looking for lightweight fabrics.