Have you ever wondered how your annual spending compare to the rest of the country? I sure have and The U.S. Bureau of Labor Statistics have a good answer for it.
According to the latest data, which is from 2013, Income before taxes was $63,784 and Average annual expenditures were $51,100.
The lion’s share of the expenditures were Housing ($17,148 or 33%) followed by Transportation ($9,003 or 17.6%) and Food ($6,602 or 12.9%). In other words, Housing, Transportation and Food accounted for 64% of the total expenditures of an average family in 2013.
|CONSUMER EXPENDITURES IN 2013|
|Income before taxes||$63,784|
|Age of reference person||50.1|
|Average number of people in consumer unit||2.5|
|Average annual expenditures||$51,100|
|Housing: Utilities, fuels, and public services||$3,737|
|Housing: Household operations||$1,144|
|Housing: Housekeeping supplies||$645|
|Housing: Household furnishings and equipment||$1,542|
|Transportation: Vehicle purchases (net outlay)||$3,271|
|Transportation: Gasoline and motor oil||$2,611|
|Transportation: Other vehicle expenses||$2,584|
|Transportation: Public and other transportation||$537|
|Food at home||$3,977|
|Food away from home||$2,625|
|Pensions, Social Security, Life insurance||$5,528||10.8%|
|Apparel and services||$1,604||3.1%|
|Personal care products and services||$608||1.2%|
|Source: U.S. Bureau of Labor Statistics|