What the average American spends in a year in 22 major cities
- Americans spend the bulk of their money on housing, food, and transportation.
- Because of differences in cost of living, how much people spend annually varies across cities.
- The annual total expenditure on all goods and services for the average household ranges from $48,654 in Tampa to $83,790 in Seattle.
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Americans spend most of their money on three things: housing, food, and transportation.Consumer Expenditure Surveys. The data covers the most recent period of 2016 to 2017 and reveals average annual expenditures for consumer units 22 major metros in the Northeast, South, West, and Midwest.
A consumer unit, as defined by BLS, is a household ranging in size from one individual to three or more people.
The total annual expenditure on all goods and services for the average household ranges from $48,654 in Tampa to $83,790 in Seattle. Notably, the amount residents spend on housing in both cities makes up about 30% of their total annual spending.
Below, find out how much residents spend in a year, on average, in 22 major US cities, ranked by total spend.