superiorgogl.blogg.se - Average monthly expenses for one person 2020

AVERAGE MONTHLY EXPENSES FOR ONE PERSON 2020 FREE

Its expenditure percentage is approximately 3.1%.

Personal care products take up about $768, which would be 1.3% of income.

Annual education costs $1,407 (about 2.3% of a yearly budget).

Entertainment takes up 5.3% of annual spending – about $3,226.

Money spent on food in restaurants annually is $3,459, and the percentage of spending is 5.6%.

The grocery annual budget is $4,464, and the expenditure percentage per year is 7.3%.

The health care annual budget is $4,968, and the percentage of spending is 8.1%.

Insurances and pensions cost $7,296 per year, and they take up 11.9% of spending of the annual budget.

The second most amount of money, $9,761 (15.9%), is spent on transportation. Housing for this group has an annual cost of around $20,091, and it can account for up to 32% of the annual budget.

It’s no surprise that the most spent on item in the list again is housing.

Now, let’s take a look at the average spending for an American annually in 2018:

AVERAGE MONTHLY EXPENSES FOR ONE PERSON 2020 FREE

See If Our Program Is Right For You GET FREE QUOTE Average Annual Expenses for One Person Miscellaneous spending costs $169, with the percentage of spending being around 3.3%.Apparel is $156 and its corresponding percentage is 3.1%.Personal care products take up about $64, and the percentage of spending is 1.3%.Education costs $117, and it sits at 2.3%.Entertainment takes up 5.3% of the average budget, and it is about $414 per month.Money spent on food in restaurants monthly is $288 – about 5.6%. The monthly budget for groceries sits at 7.3% and is approximately $372.The health care monthly budget is $414 and approximately 8.1% of income.Insurances and pensions cost $608, and they account for 11.9% of the average monthly budget.15% percent of the total money is spent on transportation. The second most amount of money is spent on transportation- $813 to be precise.The average monthly housing cost is around $,1,674 and up to 32% of a household’s income. Here is a list of average monthly expenses for a single person: The average spending per month varies from person to person. Let’s dive into some important details and see what the money is actually being spent on. Bureau of Labor Statistics (BLS) Consumer Expenditure Survey. This average American budget data is gathered from the U.S.

How much does the average American spend monthly? It depends on so many factors like the city you live in, the district, taxes, and so on but, just to give you a figure, the average American household spends $5,102 monthly. Most of the people also have a passion for wanderlust, camping, trips, and expeditions on which they spend a fortune. America’s future and current growth is because of people being able to commute to work. It is understandably not a luxury but a necessity. Transportation comes second when it comes to what people are spending their money on. Be that through leasing, renting, renovating, or buying- housing is one of the biggest markets in America. Call Now to See About Lowering Your Debt Payments 80 What is Most of the Money Spent On?Īmerican citizens spend most of their budget and money on housing.