How Much Should You (Actually) Spend on a Mattress in 2023?

You deserve a comfortable mattress that promotes deep sleep and rejuvenating rest. But how do you find a suitable mattress for your sleep habits and hurdles while staying within your budget?

If you're in the market for a new mattress, you might be wondering how much you should spend on a mattress. Between size, materials, and construction quality, many factors contribute to the price of a mattress. After all, a queen-size mattress could cost anywhere from $250 to $5,000. That’s a pretty wide range.

If you need some guidance, you’re in the right place. Let’s take a look at mattress types, levels of quality, and the prices you can expect when mattress shopping.

Average Mattress Price 

The price you can expect to spend on a mattress depends largely on the type of mattress you prefer. Whether you’re looking for memory foam, innerspring, or hybrid, you’ll find that certain materials may run more expensive than others. 

Here is a general guide outlining differences in costs per mattress type.

Foam 

A standard memory foam mattress is made with layers of foam that use your sleeping position and body heat to contour your body. Foam mattresses can relieve pressure at common pressure points such as the hips, shoulders, and neck. Side sleepers and people who move around in their sleep often benefit from a memory foam mattress because the foam adapts to any position. 

Foam mattresses are primarily made of polyfoam, viscoelastic, or gel-infused foam. Budget mattresses often use polyfoam, which is less durable and breaks down over time. Higher-end foam mattresses may use gel-infused foam to potentially offer some cooling benefits while you sleep.

Typical price points for foam mattresses: 

• Budget: $450+ 
• Premium: $1,000+
• Luxury: $1,300+

Innerspring

Innerspring mattresses consist of quilted foam or polyester fibers, along with the main ingredient, coils. The use of coils introduces better airflow and keeps the body cooler at night. Innerspring is typically more firm and supportive, which is optimal for those who sleep on their back or stomach. 

Innerspring mattress prices vary by coil structure and material. As a rule of thumb, innerspring mattresses with a higher coil count are typically more expensive. One with a micro coil system costs upwards of $1,700.

Typical price points for innerspring mattresses: 

• Budget: $600+ 
• Premium: $1,000+
• Luxury: $1,200+

Latex

Latex is an eco-friendly and breathable alternative to memory foam that’s perfect for those who like memory foam but may want additional cooling, buoyancy, or firmness features. Latex is also known to be much more durable than foam. 

Please note that many latex mattresses are not suitable for those with a latex allergy.

Many latex mattresses consist of materials derived from the sap of the rubber tree. This natural material contributes to its higher price tag but is quite eco-friendly since it’s made from a renewable resource.

Typical price points for latex mattresses: 

• Budget: $1,200+ 
• Premium: $2,000+
• Luxury: $2,500+

Hybrid

Hybrid mattresses include a blend of coils and memory foam or latex. They look similar to a traditional innerspring mattress but are typically thicker with high-quality and durable materials. They combine the best features of foam and innerspring mattresses, which make them perfect for virtually anyone. 

Thanks to the duality of hybrid mattresses, they are popular among couples with different sleep needs. 

Hybrid mattresses land on the higher side of the price range, with the most economical option costing more than the luxury option of a foam or innerspring mattress. This higher price is often justified due to the durability and quality of the materials used.

Typical price points for hybrid mattresses: 

• Budget: $1,200+ 
• Premium: $1,500+
• Luxury: $3,000+

Physical Conditions/Therapeutic  

Some mattresses support specific physical conditions, like chronic back pain, sleep apnea, and asthma that make it difficult to sleep. As you may expect, therapeutic mattresses offer advanced features that cost more to produce than those made with basic materials. 

These special-made mattresses can cost $5,000 or more.

Which Factors Determine Mattress Prices?

When considering the cost of a mattress, you might be surprised to see the wide price range. Since various details determine mattress price, you should consider the following factors when setting a budget:

1. Size: As with most things, the larger the mattress, the more expensive it will be. Mattress base pricing often starts with twins and goes up to King or California king.
2. Materials: Some mattress materials cost more than others. For example, traditional innerspring mattresses with coil structures don’t typically cost as much as hybrid mattresses. Additionally, mattresses containing synthetic materials are often more expensive than those made with natural materials.
3. Features: Does the mattress need to be compatible with an adjustable base? Do you require hypoallergenic materials? Do you prioritize cooling capabilities within your mattress? Features like these often raise the price of the mattress.
4. Warranties: Depending on where you purchase your mattress, it may come with a factory warranty. These warranties are often built into the price of the mattress, warranting a higher price. .
5. Shipping: Even if you plan to buy your mattress in-store, you’ll likely need to ship it to your home. Mattress weight can impact shipping costs unless your retailer offers free shipping. 
6. Buying in-store or online: Buying in-store may be more expensive than online. While this isn’t always the case, buying a mattress online is typically less expensive because it is direct-to-consumer and cuts out the need for a go-between or salesperson.

Quality to Expect Based on Price Point

It’s no secret that mattresses are a significant purchase — and one that you’ll have to make more than a few times. When asked about price and quality for first-time buyers, Kristen Olson-Turner, Senior Director of Product Merchandising at Purple, said the following: 

“While it might be tempting to seek out the lowest price option, your sleep is critical to living your best life (be more aware/present during the day, higher energy, better mood…the list goes on and on). 

Think about how much you can spend, and buy the highest quality mattress you can afford. A higher-quality mattress will resist sagging, deliver better support, and offer pressure relief to keep you aligned and sleeping better. 

Also, the comfort level of a mattress is a personal choice, but a high-quality mattress will be supportive no matter what. You must choose the mattress (soft or firm) that feels best to you.“ 

With that in mind, let’s look at the price ranges you can expect based on quality.

Low-Cost Mattresses

Price Range: $250–500

The least expensive mattress types are innerspring and all-foam. While more expensive doesn’t always mean better quality, keep in mind that spending less than $1,000 for an innerspring or all-foam mattress means you might compromise on quality.

Mattresses in this price range often consist of inexpensive materials that are less responsive and supportive. In addition, lower price range models typically last only five years, creating the need to purchase mattresses more frequently. 

Budget Mattresses

Price Range: $500–1,500

Many online mattresses are marketed as “budget” types within the $1,000 to $1,500 range for a queen size. Most mid-tier innerspring or memory foam mattresses fall into this range. You may also find an economical latex or hybrid mattress within this category.

Premium Mattresses

Price Range: $1,500–4,000

The average mattress price for a premium mattress is between $1,500 and $4,000. You can find products made with eco-friendly or natural materials at this price.

Mattresses of this category typically boast more advanced features like a gel-infused foam or latex to dissipate body heat. Hybrid mattresses are also available within this price range, and serve as an excellent option for pressure relief and body-aligning support. Premium mattresses also tend to have a longer trial period, warranty, and lifespan, typically lasting between eight and ten years.

Luxury Mattresses

Price Range: $4,000–6,000+

Luxury models come in at a higher price tag, usually starting around $4,000. These models are made with durable, high-quality materials that provide extra cushioning or other advanced features. 
Some luxury mattresses have clinically therapeutic effects, such as pain relief and posture correction. Luxury mattresses may be more suitable for allergy sufferers because they often contain hypoallergenic materials like cotton and bamboo.

How to Save Money on a Mattress

While a great mattress can offer restorative sleep, spending outside of your budget can still keep you up at night. 

Here are seven tips for saving money while mattress shopping.

1. Set a Budget

Based on what you can afford, set a spending limit well in advance. You can start by referring to the above price guide on mattresses and decide which type fits your needs and preferences. For example, are you a side sleeper? Perhaps a foam or latex mattress is best. Are you a warm sleeper? Consider a hybrid, latex, or innerspring. 

Once you know which type of mattress you want, you can look into the level of quality. Quality significantly impacts price, so be sure to weigh your options and decide where you’ll need to compromise.

Once you find the maximum amount you’re willing to spend, it’s time to evaluate your options.

2. Research + Read Reviews

A mattress will determine your ability to get restorative sleep for the upcoming years, so be sure to do your homework. Look online to find mattress options within your budget and read customer reviews to ensure value for the price tag. The Purple blog is an excellent place to start your education and understanding of mattresses.

3. Compare Prices

When you’re researching, don’t forget to compare prices and look for discounts. Many stores offer the same mattresses, but some may offer deeper discounts on the model you’re interested in, depending on their inventory or promotions.

4. Consider Older Models

Just because a model is older doesn’t mean it can’t offer you everything you need. Be sure to consider previous year’s models, especially because these are typically offered at a clearance price if the store is trying to make room for newer models.

Plenty of quality mattresses come at a fair price simply because it’s taking up room in the store. And if you’re shopping online, don’t forget to check the sale section!

5. Check for Online Deals and Compare

You might think that buying online could lead to potential savings. But you might also be surprised to find that a sales associate can make you a better deal or offer gifts with a purchase in person.

Consider checking online for deals and also going into a showroom to see what kind of perks they have available. Comparing the two options is likely to save you money and help you secure the best deal.

6. Negotiate When Purchasing In-Store

If you’re set on purchasing in-store, speak candidly with the associate to learn of potential deals they’re willing to offer. You might also try asking for a price match if you find the same model at another store or online for a lower price. 

7. Time Your Purchase

Unless you need to immediately replace your mattress, you can always wait for sales. Sales and markdowns come multiple times a year during national holidays like Labor Day and Memorial Day — not to mention big shopping holidays like Black Friday. 

Frequently Asked Questions (FAQ)

How Much Does a Mattress Cost? 

The price of a mattress depends on various factors like size, materials, quality, durability, and more. On average, a mattress ranges between $800 for a budget option and $3,000 for a premium mattress.

Is It Worth Spending Money on an Expensive Mattress? 

Sleep is essential for your mental and physical health as it helps improve brain performance and mood while reducing the risk for certain health conditions. A higher-quality mattress can often deliver the uninterrupted, restorative sleep that encourages a happy, healthy life.

While better sleep and better living go hand-in-hand, higher-quality mattresses also resist sagging and deliver better support for longer periods, reducing the quantity of mattress purchases needed throughout your life. There are many budget-friendly mattresses that provide comfort and support, but it’s important to confirm your needs and preferences, identify your budget, and do your research – this will determine whether a higher price tag is warranted for various models.

Can I Finance a Mattress?

In short, yes! There are plenty of reasons someone might choose to finance a mattress. Whether you need a new mattress and don’t have the immediate funds or you’re just more comfortable with paying over time, there are plenty of financing options available. 

Whether you purchase in-store or online, most mattress companies will offer some type of financing option. For example, we offer quick and easy financing starting at 0% APR with multiple payment plans. 

Is $1,000 Too Much for a Mattress? 

Considering the average price range for a mattress is between $800 and $3,000, $1,000 may seem reasonable.

However, sticker shock is a completely normal feeling when buying a mattress. If $1,000 feels out of your price range, consider looking for deals, waiting for sales, or saving until you can afford the mattress you want. 

How Long Does a $1,000 Mattress Last? 

Most $1,000 mattresses are made from memory foam or innerspring systems. While both mattress types may start out comfortable, they are often less durable than other materials.

We estimate that a mattress at this price can last between eight and ten years, but you should consider replacing a mattress as soon as you notice sagging.

What Is a Decent Price for a Good Mattress? 

Buying a mattress is an investment in yourself and in your health, so the cheapest option is not likely the best choice. Always work within your budget to determine what you can afford, then pick the highest-quality mattress within that price range. 

Make sure you research ahead of time, and if you still need help determining your needs, consider shopping at a store near you! 

Ready to find your perfect mattress? Explore our online selection of mattresses to suit all budgets and price points.