As of 2022, the average expenditure per consumer unit on furniture amounted to around 746.14 U.S. dollars in the United States. This figure falls into the range of 501 to 1,000 U.S. dollars, which almost 30 percent of American shoppers expected to spend on furniture the following year.
U.S. Furniture Market
Furniture and furnishings make up a central part of the home goods industry, which itself covers the manufacturing, distribution and retail of home furniture, household decorative accessories, home furnishings, appliances, cookware and gardening equipment. In 2022, the CPI (Consumer Price Index) for furniture and bedding sales in the U.S. amounted to nearly 136 points. The furniture and bedding market is comprised of a wide range of product categories. Sofas, loveseats, and bedding are the categories which lead the way in terms of consumer spending. Wayfair, IKEA, and Williams-Sonoma are some of the key retailers operating within the U.S. furniture market. Wayfair took the leading position in terms of sales as of 2022.
Average annual expenditure on furniture per consumer unit in the United States from 2007 to 2022
(in U.S. dollars)
A consumer unit consists of any of the following: (1) All members of a particular household who are related by blood, marriage, adoption, or other legal arrangements; (2) a person living alone or sharing a household with others or living as a roomer in a private home or lodging house or in permanent living quarters in a hotel or motel, but who is financially independent; or (3) two or more persons living together who use their incomes to make joint expenditure decisions. Financial independence is determined by spending behavior with regard to the three major expense categories: Housing, food, and other living expenses. To be considered financially independent, the respondent must provide at least two of the three major expenditure categories, either entirely or in part.
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Bureau of Labor Statistics. (August 16, 2023). Average annual expenditure on furniture per consumer unit in the United States from 2007 to 2022 (in U.S. dollars) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/305566/us-expenditure-on-furniture/
Bureau of Labor Statistics. "Average annual expenditure on furniture per consumer unit in the United States from 2007 to 2022 (in U.S. dollars)." Chart. August 16, 2023. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/305566/us-expenditure-on-furniture/
Bureau of Labor Statistics. (2023). Average annual expenditure on furniture per consumer unit in the United States from 2007 to 2022 (in U.S. dollars). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/305566/us-expenditure-on-furniture/
Bureau of Labor Statistics. "Average Annual Expenditure on Furniture per Consumer Unit in The United States from 2007 to 2022 (in U.S. Dollars)." Statista, Statista Inc., 16 Aug 2023, https://www.statista.com/statistics/305566/us-expenditure-on-furniture/
Bureau of Labor Statistics, Average annual expenditure on furniture per consumer unit in the United States from 2007 to 2022 (in U.S. dollars) Statista, https://www.statista.com/statistics/305566/us-expenditure-on-furniture/ (last visited December 22, 2024)
Average annual expenditure on furniture per consumer unit in the United States from 2007 to 2022 (in U.S. dollars) [Graph], Bureau of Labor Statistics, August 16, 2023. [Online]. Available: https://www.statista.com/statistics/305566/us-expenditure-on-furniture/