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Political Factoid

The budget of the average American household 1
Earnings (before taxes) $62,857 This requires 1.3 wage earners
Expenditures (after taxes, of course) $49,067 78% of income
Category Dollars Percentage
- Food $6,372  13.0%
- Housing $16,895  34.4%
- Apparel & Services $1,7252 3.5%
- Transportation $7,658  15.6%
- Health Care $3,126  6.4%
- Entertainment $2,6932 5.9%
- Insurance Premiums $5,471  11.1%
- Misc. $5,187  10.6%
Total expenditures $49,067 -
 
Notes:
1  2009 data
2  Almost twice as much spent on entertainment as for clothing
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Last updated * 2014-09-27
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