SEATTLE –A new report from doxo, America’s Household Bills, Unbundled, offers an analysis of what Americans are paying for their monthly bills in the 25 largest U.S. metros.
The report reveals the average American household pays $984 per month, or 17% of their household income, on the nine most common bills, excluding housing expenses like rent or mortgage.
“The report analyzes aggregate payment statistics to more than 45,000 billers across 45 different service categories from over 2.5 million users to uncover the actual, unfiltered average cost consumers pay for key household bills and share it in a collective snapshot,” the company said.
While the national average on monthly household expenses is $984 per household, the report found the Miami metro, with a median household income of $52,667, has the highest cost for monthly bill expenses - $1,157 - compared to metros such as San Francisco or Washington D.C. where the average household income exceeds $88,000. Residents of Charlotte have the lowest average monthly bill expenses at $869.
The Top 25 List
The report ranks the 25 largest metro areas monthly expenses (most to least expensive for the nine most common household bills):
1. $1,157 Miami
2. $1,126 New York
3. $1,096 Los Angeles
4. $1,073 San Francisco
5. $1,070 Washington
6. $1,062 Philadelphia
7. $1,061 Detroit
8. $1,056 Pittsburgh
9. $1,037 Houston
10. $1,036 Boston
11. $1,015 Denver
12. $991 Dallas
13. $989 Portland
14. $976 Chicago
15. $958 Seattle
16. $949 Orlando
17. $941 Sacramento
18. $940 Columbus
19. $923 Minneapolis
20. $923 Salt Lake City
21. $921 Cleveland
22. $911 Kansas City
23. $899 St. Louis
24. $876 Atlanta
25. $869 Charlotte
‘Making Information Transparent’
“doxo’s mission is to make it super simple to stay on top of due dates and pay bills with a click. And a critical part of this mission is making information transparent for our users and participating billers alike, so they can compare expenses to their area average, overall and by type of service,” said CEO Steve Shivers. “This first-ever report covers the nine most common bills, making up nearly $12,000 of household spend each year on average. It’s a huge part of the typical household budget, so it’s helpful to see how these expenses stack up.”
The report further reveals what consumers in the top 25 metro areas are spending their paychecks on:
● Auto loans: $376
● Auto insurance: $238
● Utilities: $237
● Health insurance: $136
● Life insurance: $124
● Cable, satellite, Internet and phone: $118
● Mobile phone: $98
● Alarm and security: $82
● Dental insurance: $35