Table of Contents
- 1 How much does the average family spend on personal care?
- 2 How much does the average person spend on personal expenses per month?
- 3 What does the average family of 5 spend per month?
- 4 How much does a family of 4 spend a month?
- 5 How much does the average American spend on health care per year?
- 6 How much does the average person spend on clothing per month?
How much does the average family spend on personal care?
In 2020, the average annual expenditure on personal care services per consumer unit in the United States stood at 256.44 U.S. dollars. This is a decrease from the 367.65 U.S. dollars spent in the previous year.
How much does the average person spend on personal expenses per month?
Average Household Budget and Expenses in America 2021: Statistics and Key Findings. The average household spending in America is $5,005 per month. This is $60,060 per year. The most common household expenses are housing, transport, and food.
How much money do people spend on self care?
“The allocation can change depending on your financial situation and goals, but generally, your self-care budget should fall under the 5% to 10% range,” Meiggs said.
What is the average monthly expenses for a family of 2?
Average monthly expenses for a family of 2: $5,572, or $66,861 annually.
What does the average family of 5 spend per month?
Average monthly expenses for a family of 5: $6,780, or $81,361 annually. Yes, we do note that a family of five has lower monthly expenses than a family of four, according to the BLS.
How much does a family of 4 spend a month?
States ranked by amount of monthly household expenses
| Rank | State | Total spent per month |
|---|---|---|
| 4 | Alaska | $2,484 |
| 30 | Arizona | $1,829 |
| 49 | Arkansas | $1,534 |
| 3 | California | $2,529 |
How much of your budget should you spend on self care?
The basic financial planning rule is that housing costs shouldn’t take up more than 30 percent of your monthly income, groceries and personal items should be around 10-15 percent, and utilities around 10 percent. Self-care should take up much less than that — about 5 percent of your budget, maximum.
What are the average household expenses per month?
About 71% of us also report expenses for household operations, spending $1,581 on average (or $132 per month) for services that might include babysitting or elder care, house cleaning or lawn mowing, laundry and dry cleaning, pest control, and home security systems.
How much does the average American spend on health care per year?
Well, it’s a hefty sum, as you probably would have suspected. It’s $4,612, to be specific, according to the Bureau of Labor Statistics’ 2016 Consumer Expenditure Survey. That includes the health insurance, medical services (such as doctors, hospitals, etc.), prescription drugs, and various medical supplies.
How much does the average person spend on clothing per month?
Average monthly clothing expenses are about $134 (that’s $1,604 per year). We spend an additional $51 per month ($608 per year) on average for personal products like cosmetics and shaving cream, and services like haircuts and manicures.