average household monthly expenses high income

Average household monthly expenses high income for free#

The average pre-tax income per household in 2021 was $87,432, according to the BLS survey. The vast majority of budgeters in the survey said the practice got them out of debt or kept them from going into debt. Another big spending category was food, to which 10 percent was devoted.Įight out of 10 Americans surveyed by in 2021 reported they budgeted their money, which reflected a 12 percentage-point increase from 2019. Percent of people’s income devoted to living expensesĪccording to the BLS survey, the largest expenditures were housing and transportation, which comprised 26 percent and 13 percent of people’s take-home pay, respectively. Increase in household expenditures from 2020 Average 2021 household earning and expenditure statistics Slightly more than three-quarters of people’s income in 2021 was devoted to living expenses. Significant expenditures were housing, transportation and food. The average household earned $87,432 in 2021 before taxes and spent $66,928, according to the BLS survey. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site.

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Average household monthly expenses high income for free#

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