Average monthly expenses for family of 4

About 77% of households have this expense, paying $5,275 on average annually (this may cover more than one worker).

The majority of this expenditure comes from the householdвЂ™s contribution to Social Security. household spends $5,528 per year to protect its members from poverty in old age, or due to disability or death.

This figure encompasses a wide range of rents from smaller towns to major metropolitan centers such as Los Angeles and New York. The 35% of Americans who rent pay just a little less than homeowners each year for their rent, maintenance costs, and renters insurance, an average of $9,477. The average mortgage payment also includes an additional amount each month that goes towards the principal, effectively turning cash earnings into home equity.ДЄverage rent in the U.S. Homeowners pay an average of $9,552 per year (nearly $800 per month) on mortgage interest, property taxes and other expenses such as maintenance, repairs and homeowners insurance. households own their home, and more than half of homeowners have a mortgage. The remaining $7,068 covers utilities and other household operational expenses and equipment.ДЄbout 64% of U.S. ThatвЂ™s an average of $10,080 for direct payments on rent or mortgage interest, property taxes and insurance, as well as any lodging costs on out-of-town trips. household spends $17,148 on all things related to housing.

Average monthly expenses for family of 4