In 2023, the lowest 20 percent of income consumer units spent about 41.3 percent of their total expenditure on housing. Consumer units belonging to the highest 20 percent of income spent only 29.2 percent on housing. Additionally, those in the highest income quintile spent 17.7 percent of their total expenditure on personal insurance and pensions, while the lowest 20 percent spent only 2.1 percent.
Share of average annual consumer expenditure on major categories in the United States in 2023, by income quintiles
Consumer units include families, single persons living alone or sharing a household with others but who are financially independent, or two or more persons living together who share expenses.
* Source states, Data are suppressed due to the Relative Standard Error (RSE) being equal to or greater than 25 percent.
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Bureau of Labor Statistics. (September 25, 2024). Share of average annual consumer expenditure on major categories in the United States in 2023, by income quintiles [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/247420/percentage-of-annual-us-consumer-spending-by-income-quintiles/
Bureau of Labor Statistics. "Share of average annual consumer expenditure on major categories in the United States in 2023, by income quintiles." Chart. September 25, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/247420/percentage-of-annual-us-consumer-spending-by-income-quintiles/
Bureau of Labor Statistics. (2024). Share of average annual consumer expenditure on major categories in the United States in 2023, by income quintiles. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/247420/percentage-of-annual-us-consumer-spending-by-income-quintiles/
Bureau of Labor Statistics. "Share of Average Annual Consumer Expenditure on Major Categories in The United States in 2023, by Income Quintiles." Statista, Statista Inc., 25 Sep 2024, https://www.statista.com/statistics/247420/percentage-of-annual-us-consumer-spending-by-income-quintiles/
Bureau of Labor Statistics, Share of average annual consumer expenditure on major categories in the United States in 2023, by income quintiles Statista, https://www.statista.com/statistics/247420/percentage-of-annual-us-consumer-spending-by-income-quintiles/ (last visited November 21, 2024)
Share of average annual consumer expenditure on major categories in the United States in 2023, by income quintiles [Graph], Bureau of Labor Statistics, September 25, 2024. [Online]. Available: https://www.statista.com/statistics/247420/percentage-of-annual-us-consumer-spending-by-income-quintiles/
