A Look at the Average American Budget – and How the Average American Can Start Saving More – The Simple Dollar

The average American household earns $63,784 before taxes, which amounts to bringing home $51,100.

From that amount, they spend $9,004 on transportation, $6,602 on food (of which $2,625 is spent at restaurants and $3,977 is spent on food eaten at home), $5,528 on insurance and pensions, $1,604 on clothes, $2,482 on entertainment, $17,148 on housing, $3,631 on health care, $1,834 on cash contributions (donations and legally required spousal and child support), and $3,267 on other expenditures.

The average household in this picture consists of 2.5 people, of which 1.3 are earning an income. An average household owns 1.9 vehicles and 63.7% are homeowners.

via A Look at the Average American Budget – and How the Average American Can Start Saving More – The Simple Dollar.