This question is about average monthly expenses.

What do Americans spend the most money on?

By Zippia Team - Sep. 1, 2023

Americans spend the most money on housing. Housing constitutes 33% of all expenses and 29% of all household income spent on monthly expenses.

The total cost of housing spending averages out at $1,885, with $1,105 of that going to mortgage payments. Between debt, utilities, and maintenance, the cost of housing is more than double that of the next runner-up: Transportation.

Additionally, these costs will likely continue to increase as housing prices and interest rates remain above average.

What do Americans spend the most money on?

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