Live performance competition goers are fairly conscious that ticket costs have gone up, however because of a brand new FinanceBuzz examine, you possibly can 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 Prices Risen within the Previous Decade?

One of many main findings on this FinanceBuzz examine is that the each day normal admission costs for main music festivals have risen by 55 p.c since 2014.

That is a staggering quantity, however even somewhat extra fascinating once you examine it to the precise charge of nationwide inflation within the U.S. which is 32 p.c over the identical interval.

That mentioned, some festivals have managed to maintain their costs in verify. One competition – Extremely Miami – nonetheless has the identical ticket value as in 2014. In the meantime others, such because the Electrical Forest Festival, have seen costs rise considerably. The digital music and jam band competition has seen a 97 p.c enhance.

Which Festivals Elevated the Least and Which the Most?

As acknowledged, Electrical Forest noticed the largest enhance within the final decade, whereas Suwanee Hulaween and the Shaky Knees competition have each gone up 84 p.c. The multi-genre Outdoors Lands competition noticed a 76 p.c enhance and the country-centric Stagecoach has gone up 72 p.c.

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

How Much Have Festivals Elevated Prices From Their Inaugural Year

It is 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 may’ve entered for $three in 1970, the place it now prices $105 in 2024. Glastonbury, held within the U.Okay., had solely a one pound entry charge 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 competition comparisons from their inaugural 12 months under.

How the Outcomes Have been Tallied?

For this FinanceBuzz examine, the 2024 competition value tickets had been sourced straight from the official web site of every competition, whereas historic costs had been sourced from modern information articles revealed in annually.

All calculations and ticket prices are based mostly on the value of a normal admission ticket for a single day of every competition. In circumstances 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 embrace taxes or charges.

READ MORE: Reside Nation CEO Explains Live performance Ticket Prices + Charges, Needs to Implement All-In Pricing

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

Dig into extra particulars from the FinanceBuzz Examine right here.