Jan 21, 2025
Visualizing How Americans Spend Their Money 💵
What We're Showing
This graphic shows the average annual expenditures of Americans, based on data from the Bureau of Labor Statistics Consumer Expenditures Survey 2023.
Key Takeaways
- Nearly half of American consumer spending goes toward housing and transportation, with vehicle purchases rising 23.2% between 2022 and 2023.
- Spending on food away from home outpaced food at home expenditures, increasing by 8.1% and 6.1%, respectively.
- Educational spending jumped 24% over the period, making it one of the fastest-rising categories overall.
Dataset
| Category | Average Annual Expenditures | Share |
|---|---|---|
| Housing | $25,436 | 32.9% |
| Transportation | $13,174 | 17.0% |
| Personal insurance and pensions | $9,556 | 12.4% |
| Healthcare | $6,159 | 8.0% |
| Food at home | $6,053 | 7.8% |
| Food away from home | $3,933 | 5.1% |
| Entertainment | $3,635 | 4.7% |
| Cash contributions | $2,378 | 3.1% |
| Apparel and services | $2,041 | 2.6% |
| Education | $1,656 | 2.1% |
| Miscellaneous | $1,184 | 1.5% |
| Personal care products and services | $950 | 1.2% |
| Alcoholic beverages | $637 | 0.8% |
| Tobacco | $370 | 0.5% |
| Reading | $117 | 0.2% |
| Total | $77,280 | 100.0% |
Data sources
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