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 differ according to the place where you live and your lifestyle, it is still useful to consider some data.

Seeing the place where you stand compared to the ordinary American family can help you measure whether you need to curb your spending or you are fine.

According to the Labor Statistics Office, the American Intermediate Family spent $ 77,280 – or $ 6400 per month in 2023. Today, the number may be higher due to inflation.

Let’s divide the average monthly spending by the demographic composition.

Average $ 6400 per month does not take into account the size of the family.

Using the same data from 2023, one person spent an average of $ 4,641 a month, while married couples spent $ 7,390. Meanwhile, the medium family of four (with two children) spent $ 8,450 to $ 9,817, depending on the ages of children.

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Your site has a significant impact on how much you spend. In general, rural life is cheaper. Statistics indicate that American rural families spent $ 73,967 in 2023, less than $ 4,089 of their American peers in urban areas, who spent $ 78,056 on average.

One exception is the cost of transportation. Those in urban areas that are easy to access public transport were spent less on transportation (12,911 dollars in 2023) of the average rural families of $ 14295.

Remember, these are all averages. Your spending may be higher due to the cost of the goods and services you live in. But large photo data can help you determine the goals of real spending.

Suppose you live in the center of Philadelphia and have $ 6,500 at monthly expenditures. This is what the ordinary American family spends in an urban area, and therefore your expenses are reasonable, even if it is difficult to cover their expenses.

But if you spend more than the similar and similar living families, look closely at the place where your money is going.

Housing costs are great. The work statistics office data shows that the average Americans spent $ 2,120 on housing, $ 1098 on transportation and $ 832 on food in 2023.