See How Much Festival Ticket Prices Have Risen From First Year

Concert pageant goers are fairly conscious that ticket costs have gone up, however because of a brand new FinanceBuzz research, you’ll be able to see how a lot ticket costs have gone up since some main festivals’ infancy and which festivals have managed to quell the inflation to some extent.

How Much Have Festival Ticket Costs Risen within the Past Decade?

One of the foremost findings on this FinanceBuzz research is that the each day normal admission costs for main music festivals have risen by 55 % since 2014.

That’s a staggering quantity, however even just a little extra fascinating while you evaluate it to the precise fee of nationwide inflation within the U.S. which is 32 % over the identical interval.

That stated, some festivals have managed to maintain their costs in test. One pageant – Ultra Miami – nonetheless has the identical ticket worth as in 2014. Meanwhile others, such because the Electric Forest Festival, have seen costs rise considerably. The digital music and jam band pageant has seen a 97 % improve.

Which Festivals Increased the Least and Which the Most?

As acknowledged, Electric Forest noticed the largest improve within the final decade, whereas Suwanee Hulaween and the Shaky Knees pageant have each gone up 84 %. The multi-genre Outside Lands pageant noticed a 76 % improve and the country-centric Stagecoach has gone up 72 %.

On the opposite finish, Coachella is the pageant that noticed the second least improve, solely rising 43 %. The Chicago-based Lollapalooza has solely gone up 49 %, and the New Orleans Jazz and Heritage Fest, Burning Man and Governor’s Ball every noticed a 50 % improve.

How Much Have Festivals Increased Prices From Their Inaugural Year

It’s fascinating to see how a lot costs have modified, particularly for the festivals which have been in enterprise for many years.

The New Orleans Jazz & Heritage Festival and Glastonbury each began in 1970. The New Orleans Jazz Fest you might’ve entered for $3 in 1970, the place it now prices $105 in 2024. Glastonbury, held within the U.Ok., had solely a one pound entry price again then, whereas it prices 71 kilos for a ticket at present.

Coachella, which began in 1999, has risen from $50 to $166 for a each day ticket. Bonnaroo, which was $33 in 2002, is now $109 for a normal admission ticket in 2024. See different pageant comparisons from their inaugural 12 months under.

How the Results Were Tallied?

For this FinanceBuzz research, the 2024 pageant worth tickets have been sourced straight from the official web site of every pageant, whereas historic costs have been sourced from up to date information articles revealed in annually.

All calculations and ticket prices are based mostly on the worth of a normal admission ticket for a single day of every pageant. In instances the place single-day tickets usually are not bought, the fee for a multi-day normal admission ticket was divided by the variety of days the ticket was good for. Prices don’t embody taxes or charges.

READ MORE: Live Nation CEO Explains Concert Ticket Prices + Fees, Wants to Implement All-In Pricing

Inflation charges are based mostly on the Bureau of Labor Statistics’ CPI Inflation Calculator. Inflation charges have been collected in February 2024.

Dig into extra particulars from the FinanceBuzz Study right here.