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Entertainment such as concerts, movies or sporting events are nearly becoming a luxury purchase, especially if you are looking to make an event a whole-family experience.
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According to the U.S. Bureau of Labor Statistics, admission to sporting events has risen 123% since 2000.
But it’s not just the cost of a night out that has gone up. Consumer prices for housing, transportation, food, clothing and more have increased 87% over the same time span, according to the Consumer Price Index.
Affordability is top of mind for most American families, especially in California with its higher cost of living, which means leisure spending might not be a priority.
For a city like Sacramento with a professional basketball, baseball and soccer teams, along with nearby Bay Area pro teams, Sacramentans are in an unusual position to determine at which venue will they get the most bang for their buck.
The Sacramento Kings, in a recent Roto Wire analysis, have the 16th highest priced tickets in the NBA with the average family of four paying $279.70. The number is based on the price of four tickets from SeatGeek, plus parking, two beers, two sodas and four hotdogs.
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The team with the most expensive tickets are reigning NBA champions the New York Knicks with the average family of four expected to pay $1,276.60. The least expensive tickets belong to the New Orleans Pelicans with a family paying $167.70 in total.
The Kings come in at 18% below the league average of $343.18, and they also are the least expensive out of California’s four NBA teams.
The priciest game at the Golden 1 Center will be when LeBron James and the Philadelphia 76ers come to town on December 29. The cheapest seat is going for $144, or $576 for four tickets, nearly three times the average ticket price.
The cheapest ticket is a $25 seat when the Kings take on the Orlando Magic on November 10. The average cheapest seat for a Kings game is $48.68, which is 23% less than the league average of $63.17.
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