![]() ![]() Prices rose by 1.2 percent from 2019 to 2020, as measured by the average annual change in the Consumer Price Index for All Urban Consumers ( CPI-U, U.S. At the same time, income before taxes increased by 1.8 percent between 20 (from $82,852 to $84,352, respectively), compared with a 5.4-percent increase from 2018 to 2019 (from $78,635 to $82,852). Spending percentage change from 2019–20 Consumer Expenditure surveys Spending categoriesĪverage annual expenditures decreased 2.7 percent between 20 (from $63,036 to $61,334, respectively), compared with a 3.0-percent increase from 2018 to 2019 (from $61,224 to $63,036). The onset of the COVID-19 pandemic in 2020 affected spending across 14 major spending categories differently from 2019 to 2020. ![]() 1 The CE survey collects information from the reference person of consumer units. The incomes and expenditures shown in these tables and throughout this report are expressed as nominal values, representing spending in U.S. (For details about the CE, see the technical notes.) The text includes analyses of data from several of these tables. This report includes tables and charts featuring integrated data from the Diary and Interview Survey portions of the CE. Some changes were expected (for example, expenditures for food away from home and public transportation decreased sharply), but others are surprising (for example, expenditures for healthcare were nearly unchanged, decreasing slightly). Consumer expenditures were noticeably affected by the COVID-19 pandemic, which began in March 2020. Bureau of Labor Statistics (BLS) Consumer Expenditure Surveys (CE). Also, the state and national bill totals take into account the percentage of households that pay a bill.Subscribe to BLS Reports Consumer expenditures in 2020Ĭonsumer Expenditures in 2020 will highlight spending patterns and expenditure changes for 2020, the most recent data processed by the U.S. These just include out-of-pocket expenses. Note: Health Insurance and Life Insurance expenses do not account for payments made by employers on behalf of employees. The average household in the state pays $110 a month for health insurance bills, compared to the national average of $120, making the costs 8% lower than the national average. Health insurance is also an area in which Florida’s residents spend less than the national average. The average Florida household spends $335 on utilities compared to the national average of $351. Utilities is the area where Florida residents spend most relative to the US average. Rent in the Sunshine State is $140 higher than the national average: at $1,331 compared to $1,191. Most bills hover around the national average, including mortgage, which, at $1,463 in Florida, is $142 higher than the national average of $1,321. The average Florida household pays $2,112 in the 10 most common household bills per month. Rent in Florida is higher than the national average See more data about bill pay in Florida by clicking on the infographic link below. For example, New Jersey residents, though they live in the third most expensive state for bills, spend just 35% of household income on them.Īnnually, Florida residents pay $188 billion in household bills. Florida households spend 42% of their income on household costs, which is a higher share than many states where households pay more expensive bills. The “percentage of household income” metric provides a more proportional look at bill spending in a particular location. The most affordable state, meanwhile, is West Virginia, where residents pay $1,530 per month.įlorida’s household expenses, on average, are 3.2% higher than the national average of $2,046.Ībsolute dollar amounts don’t tell the full story, however. The most expensive state for household expenses is Hawaii, where residents pay $3,070 per month. Slightly more expensive than Florida is Illinois, where residents pay $2,121 a month on average slightly more affordable is Texas, where residents pay $2,110. This figure takes into account the 10 most common household bills, which are: Mortgage Rent Auto Loan Utilities (electric, gas, water & sewer, and waste & recycling) Auto Insurance Cable & Internet & Phone, Health Insurance (consumer paid portion) Mobile Phone Alarm & Security and Life Insurance.įlorida residents, overall, pay average household bill expenses: the state ranks 17th out of 50 states in terms of average monthly spending, and its monthly bill basket is only $66 higher than the national average: $2,046. ![]() The average Florida household pays $2,112 a month for the 10 most common household bills. ![]()
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