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Average Household's Monthly Expenses
The average household's monthly expenses are $6,081 ($72,967 over the entire year), up from $5,557 ($66,928 over the entire year) in 2022.
Average Annual Income After Taxes
The average annual income after taxes is $83,195, up from $78,743 in 2022.
Average Housing Costs
Housing is the largest average cost at $2,025 per month, making up 33% of typical spending,
Average Spending On Food Per Month
Americans spend $779 on food per month, with almost two-thirds being spent on groceries ($475) and the rest on eating out ($303).
Average Spending On Transportation
Transportation costs more than many realize ($1,025 per month), largely due to the intermittent nature of those expenses.
Average Spending On Healthcare
Healthcare spending averages $488 per month.