In the United States, the cost of a traditional funeral is between $8,000 and $10,000 on average, and that doesn't include the price of the burial plot and other cemetery fees. A casket alone runs $2,500 on average, making it the biggest single expense of saying goodbye to a loved one.
According to the Bureau of Labor Statistics, the price of caskets has skyrocketed over the past 30 years (a 250-percent increase), outpacing the inflation rate for other consumer products by more than double.
So why exactly do caskets cost so much? Is it simply the cost of the materials, or are funeral homes taking advantage of grieving customers who aren't in the mood to shop around?
What many people don't know is that they don't have to buy a casket from their funeral home. In fact, it's a federal law that funeral homes must accept all outside caskets, including ones that are bought online or from Costco.
To learn more about the world of caskets and casket prices, we spoke with a second-generation funeral home director and the co-founders of an online casket company aiming to "disrupt" the funeral industry.