Expect to see a more zombies,  trick-or-treaters, and sexy nurses in costume this Halloween.

Signal of Economic Recovery

Total spending will climb to $7.4 billion in 2014.

That’s according to the National Retail Federation’s annual survey conducted by Proper Insights and Analytics, which found more than two-thirds of respondents plan to buy costumes for the spooky holiday.

The average celebrant will shell out $77.52 on Halloween, up from just over $75 last year.

Interestingly, only 18.8% of survey respondents said the current state of the economy would impact their Halloween plans.

That’s down significantly from 2011, when 32% said it would.

Halloween Spending infographic 2014- Courtesy of National Retail Federation
Courtesy of National Retail Federation

The Friday Effect
Halloween is celebrated by little ones and adults, so it’s no surprise it’s become one of the fastest-growing consumer holidays.

In a statement, NRF President and CEO Matthew Shay said, “With the holiday falling on a Friday this year, we fully expect there will be a record number of consumers taking to the streets, visiting haunted houses and throwing unforgettable celebrations.”

Spending Breakdown
Party-goers will shell out $1.1 billion on children’s costumes, and $1.4 billion on adult costumes.

Pets won’t get left out in the cold– $350 million will be spent on costumes for furry friends.

Although candy and chocolate prices have been on the rise, consumers will spend $2.2 billion on sweet treats for trick-or-treaters.

Decoration spending for everything from life-size ghosts to pumpkins on doorsteps throughout the country is expected to rise to $2 billion from $1.96 billion in 2013.

How much do you typically spend on Halloween?
I want to know what you’re buying. Tweet me: @KarinaAtWork.