AVERAGE LIVING EXPENSES FOR FREE

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.

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AVERAGE LIVING EXPENSES FOR FREE

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Average living expenses