The findings outline the average costs of the top nine most common household bills, excluding mortgage or rent payments, including: Alarm & Security Auto Insurance Auto Loans Cable, Internet & Phone Mobile Phone Health Insurance Dental Insurance Life Insurance and Utilities (electric, gas, water & sewer, and waste & recycling). This data empowers households, providing insight into a huge part of the typical household budget, enabling better comparison of personal expenses, and allowing more informed financial decisions.” “When financial data becomes transparent, consumers win. “Following the doxoINSIGHTS COVID-19 report and at a time when trimming extra expenditures is more important than ever for most Americans, doxo offers Americans insight into how affordable their bills are compared to other regions, including the nuance of how high or low specific categories are relative to other cities,” said Steve Shivers, CEO of doxo. Utilities went up by 8 percent, or $19 in Charlotte, bumping it up to the 23 rd spot on the list.Ģ5 Largest Metro Areas (Most to least expensive for the nine most common household bills) Salt Lake City comes in as the most affordable metro in the top 25, with an average of $823 spent per month on household bills, in contrast with the Charlotte, NC area which claimed the spot last year. After Miami, the San Francisco Bay Area, Los Angeles, Houston, and Seattle round out the top five in terms of average bill bundle size. Miami’s average, which is 23% of Miami area median household income of $52,667, has risen just over $50 from the year prior average of $950, largely accounted for by a $29 jump in the utilities category. While the national average on monthly expenses is $914 per household, the report found that the Miami metro ranks highest for monthly bill expenditures for the second year running, coming in at $1,008. Across the 25 metro areas analyzed, the average bill bundle rose from $859 in last year’s report to $914 in doxoINSIGHTS’ 2020 report, an increase of 6%.
county, to more than 60,000 billers across 45 different service categories – to reveal the actual, unfiltered average cost consumers pay for key household bills. doxoINSIGHTS analyzes anonymized, aggregated payment statistics – from over four million consumers, representing every U.S. The average American household spends $914 per month, or 17% of their household income, on the nine most common bills (excluding housing expenses like rent or mortgage), according to the doxoINSIGHTS report. Together these components reveal what Americans pay for their nine most common monthly bills and key expense trends for the top 25 U.S. Updated for 2020, the report is comprised of an interactive infographic with regional details along with an accompanying report with the key insights & analysis summary. SEATTLE-( BUSINESS WIRE)- doxo, the innovative web and mobile bill pay service, today released its newest statistical report: America’s Household Bills, Unbundled.