![]() ![]() Where does the typical household budget go? Brits spend the most on transportation, housing and food. ![]() But your housing situation can mean you spend a lot more or less. In 2022 the average UK household budget is around £2,907 a month (£34,886 a year) based on an average of 2.4 people per household, according to our analysis of ONS Family Spending data. If any particular line items jump out at you in this regard, please kindly let us know in the comments and we will try to address the limitations of the ONS data with further explanation, analysis or colour. As a result, you may notice that some figures don't accurately reflect the true cost for a user. Note: The figures in this article come from the Office for National Statistics and reflect average spending across all households, combining households that do and do not spend on a given line item. If you're hoping to make your budget stretch further, read about 10 ways to reduce your monthly expenses. In order to better understand average spending levels across these major categories, and more, we've analyzed data from the latest 2019/20 Living Costs and Food Survey from the Office of National Statistics (ONS)-this is the latest data available that is not significantly impacted by unusual pandemic spending-and ramped these figures up by inflation across each category and subcategory to estimate spending, assuming people maintain the same standard of living.ĭepending on where you live, your stage of life, and your financial circumstances, you may also be spending extra on childcare, college tuition or health care. ![]() Also, the state and national bill totals take into account the percentage of households that pay a bill.On average, we estimated that UK households spend £671 per week (£2,907 a month) to cover living expenses including a roof over our heads, food in our bellies, clothes on our backs, and transport to and from work or school-but costs are higher if you rent or have a mortgage. These just include out-of-pocket expenses. ![]() Note: Health Insurance and Life Insurance expenses do not account for payments made by employers on behalf of employees. The average household in the state pays $110 a month for health insurance bills, compared to the national average of $120, making the costs 8% lower than the national average. Health insurance is also an area in which Florida’s residents spend less than the national average. The average Florida household spends $335 on utilities compared to the national average of $351. Utilities is the area where Florida residents spend most relative to the US average. Rent in the Sunshine State is $140 higher than the national average: at $1,331 compared to $1,191. Most bills hover around the national average, including mortgage, which, at $1,463 in Florida, is $142 higher than the national average of $1,321. The average Florida household pays $2,112 in the 10 most common household bills per month. Rent in Florida is higher than the national average See more data about bill pay in Florida by clicking on the infographic link below. For example, New Jersey residents, though they live in the third most expensive state for bills, spend just 35% of household income on them.Īnnually, Florida residents pay $188 billion in household bills. Florida households spend 42% of their income on household costs, which is a higher share than many states where households pay more expensive bills. The “percentage of household income” metric provides a more proportional look at bill spending in a particular location. The most affordable state, meanwhile, is West Virginia, where residents pay $1,530 per month.įlorida’s household expenses, on average, are 3.2% higher than the national average of $2,046.Ībsolute dollar amounts don’t tell the full story, however. The most expensive state for household expenses is Hawaii, where residents pay $3,070 per month. Slightly more expensive than Florida is Illinois, where residents pay $2,121 a month on average slightly more affordable is Texas, where residents pay $2,110. This figure takes into account the 10 most common household bills, which are: Mortgage Rent Auto Loan Utilities (electric, gas, water & sewer, and waste & recycling) Auto Insurance Cable & Internet & Phone, Health Insurance (consumer paid portion) Mobile Phone Alarm & Security and Life Insurance.įlorida residents, overall, pay average household bill expenses: the state ranks 17th out of 50 states in terms of average monthly spending, and its monthly bill basket is only $66 higher than the national average: $2,046. The average Florida household pays $2,112 a month for the 10 most common household bills. ![]()
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