The average American household spent $24,298 on housing in 2022, or $2,025 per month. Let’s look closer at some of these expense increases. Several factors contributed to increases in monthly expenses. Here’s a closer look at where households spent the most money in 2022:Īmericans saw significant expense increases between 20 in many of the categories listed above. The Bureau of Labor Statistics broke down average annual expenses into spending categories. The reality for many American households is that expenses increased between 20 in almost every major spending category. Looking at average spending totals is helpful, but BLS data allows us to dissect household expenses even further. Families of five or more saw their expenses increase by an average of 9% from 2021 to 2022. According to the survey, the average monthly expenses for families of five or more were $8,068, which is $392 lower than we saw for families of four. Sometimes, surveys can reveal statistical inconsistencies and anomalies, as is the case with BLS data for families of five or more. Average Monthly Expenses for a Family of Five or More This was roughly 9.2% higher than in 2021, when families of four had a monthly expense average of $7,749. In 2022, families with four members averaged $8,460 in monthly expenses, or $101,514 annually. Average Monthly Expenses for a Family of Four This was a 9% increase compared to 2021, during which average expenses for a family of three were $6,597. Average Monthly Expenses for a Family of ThreeĪverage monthly expenses for a family of three in 2022 were $7,189, or $86,265 annually. This was a 10.2% increase from 2021, when the average family of two spent $5,782 per month, meaning families of two saw the highest increase in monthly expenses. Households with two people had average monthly expenses of $6,372 in 2022, or $76,468 annually. Average Monthly Expenses for a Family of Two In 2021, the average monthly expenses for a single individual totaled $3,405. This represented an 8.5% increase, or $287.75 per month, from 2021. Households in 20Īverage monthly expenses in 2022 for one person were $3,693, or $44,312 annually.
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