See how you stack up against the average US household on expenses and if you’re on track with your spending

Although your monthly expenses will be different, depending on where you live and your lifestyle, it is still useful to view certain pieces of data.

Seeing where you are standing compared to the average American household, it can help you to re-equip your costs or just do well.

According to the Bureau of Work Statistics, the average American family spent $ 77,280 – or per month for $ 6,400 months. Today, this figure may be higher due to inflation.

Let’s divide the average demographic costs.

Average $ 6,400 per month does not take into account the amount of household.

Since 2023, using the same data, one person spent the average monthly $ 4,641, and married couples, with whom no children spent $ 7,390. At the same time, the average four-member family (with two children) spent $ 8,450 to $ 9,817, depending on the children’s ages.

Read more: You are rich enough to join the top 1%. Here is The network you need Classify America’s richest. Plus 2 ways that will build that first-class portfolio

Your location has a big impact on how much you spend. In total, rural areas are cheaper. Statistics show that rural American households spent $ 73,967 in 2023, less than $ 4,089 than their urban American peers, which had an average of $ 78,056.

One exception is the value of transport. In urban areas in urban areas – easily public transit spent On less on transport ($ 12,911 in 2023) than the average $ 14,295 rural farms.

Remember that these are all medium. Your expenses may be higher because you live because of the cost of goods and services. But the large image data can help you put real life goals.

Tell us to live in the Filadelphia Center and you have a monthly expense to $ 6,500. That’s what the average American family spends in urban area, so your expenses are reasonable, even if it looks tough finishA number

But if you spend comparable households to such size and location, look closer to where your money goes.

Housing costs are high. Labor Statistics Data Bureau indicates the average American spent $ 2,120 on apartments $ 1,098 on transportation and $ 832 for food in 2023.