By Dr. Glenn Mollette
The average monthly car payment for a new vehicle is $ 734 according to secondquarter 2024 Experian data — up 0. 1 % year after year. Used cars have an average monthly payment of $525, down 2. 1 % . Meanwhile, new lease payments average $586, a 2. 3 % decrease.
The average house payment is around $2700 per month.
The average rent payment is between $1300 and $1789 per month.
According to the Bureau of Labor Statistics data, the average single person can spend between $238.46 and $434.33 per month on groceries. Many factors will impact a given individual’s expenses, such as location and eating style.
The average family spends about $270 at the grocery store per week, but that number increases when children are taken into account. Families with kids spend an average of $331 a week on groceries or 41 % more than families without kids. USA Today Jan. 20, 2024
The average cost of utilities in the U.S. is $500 to $600 per month or $6,000 to $ 7200 per year, including electricity, gas, water, sewer, phone, internet, and streaming or cable TV services. Utility bills depend on your location, home and household size, individual utility usage, and your home’s efficiency. March 13, 2024 Home Guide
On average, Americans spend between $150 and $200 per month on gas. The amount spent on gas depends on a number of factors, including:
-
State: Gas prices vary by state.
-
Lifestyle: Factors such as driving habits can affect how much is spent on gas.
-
Vehicle type: The type of vehicle a person drives can impact how much they