OFFICIAL PUBLICATION OF THE MONTANA FUNERAL DIRECTORS ASSOCIATION

Pub. 3 2024 Issue 1

2023 NFDA General Price List Study Shows Inflation Increasing Faster Than the Cost of a Funeral

In spite of concerns about inflation in the United States — and skyrocketing costs for goods and services — according to the National Funeral Directors Association’s (NFDA) “2023 Member General Price List” Study, funeral costs have not risen as fast as the rate of inflation. The overall rate of inflation over the past two years was 13.6%. According to NFDA’s study, the median cost of a funeral with casket and burial has increased only 5.8% over the past two years (from $7,848 to $8,300), and the median cost of a funeral with cremation, including alternative cremation casket and urn, has increased 8.1% over the past two years (from $5,810 to $6,280).

“Funeral homes offer a wide variety of options to meet the needs and wishes. The primary role of funeral directors remains helping families understand the many options available to help them honor the life of a loved one in a meaningful way,” said NFDA Research Manager Deana Gillespie. “Every funeral home offers unique services and pricing. Families should look for a funeral home that has a strong reputation with licensed funeral directors who understand their emotional needs and will be sensitive to their budget.”

National Median Cost of an Adult Funeral with Viewing and Burial

Since the 1960s, NFDA has calculated the national median cost of a funeral with burial by totaling the cost of the following items: basic services fee, removal/transfer of remains to funeral home, embalming and other preparation of the body (e.g., casketing, cosmetology, dressing and grooming), a metal casket, use of facilities and staff for viewing and funeral ceremony, use of a hearse, use of a service car/van and a basic memorial printed package (e.g., memorial cards, register book, etc.). The cost does not take into account interment in a cemetery, monument or grave marker costs, or cash-advance charges, such as for flowers or an obituary.

National Median Cost of an Adult Funeral with Viewing and Cremation

NFDA calculates the national median cost of a funeral with cremation by totaling the cost of the following items: basic services fee, removal/transfer of remains to a funeral home, embalming and other preparation of the body, use of facilities and staff for viewing and a funeral ceremony, use of a service car/van, basic memorial printed package, cremation fee, alternative cremation container and urn. The median cost does not include the price of interment in a cemetery, monument or grave marker costs, or cash advance charges.

Regional Costs

Costs for goods and services vary by region. Many factors contribute to the final determination of how an individual funeral home prices its goods and services, including the firm’s business philosophy and the market in which it operates.

Survey Methodology

A survey was mailed to 5,219 NFDA-member funeral homeowners on July 7, 2023, to gather the General Price List and other related data. Members also had the option of completing the survey online. A link to complete the survey was emailed to all main contacts with a valid email address, was posted three times in the NFDA Bulletin (electronic newsletter), and a reminder to complete the survey was emailed to all main contacts as well.

Of the potential respondents, 809 members anonymously completed the survey (474 mail and 335 online), which accurately reflects NFDA’s total membership (with 95% confidence) within a range of +/- 3.4%. Responses also accurately reflect NFDA’s membership by U.S. census district.

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