Annual average net outlays for vehicle purchases came to nearly 4,500 U.S. dollars for all U.S. consumers in 2022, ranging between around 2,000 U.S. dollars for those in the lowest income bracket to nearly 9,900 U.S. dollars for consumers in the highest income group.
Americans' annual average expenditures on vehicle purchases in 2022, by income group
(in U.S. dollars)
The information refers to income before taxes. According to the source, income groups meet one of the following criteria: all members of a particular household who are related to marriage, adoption, other legal arrangements, or blood; a person sharing a household with others or living alone or living as a roomer, but who is financially independent; two or more people living together who make joint expenditure decisions.
*Data for the average spending of consumers with an income below 15,000 U.S. dollars was 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 1, 2023). Americans' annual average expenditures on vehicle purchases in 2022, by income group (in U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/748911/us-average-per-capita-vehicle-spending-by-category/
Bureau of Labor Statistics. "Americans' annual average expenditures on vehicle purchases in 2022, by income group (in U.S. dollars)." Chart. September 1, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/748911/us-average-per-capita-vehicle-spending-by-category/
Bureau of Labor Statistics. (2023). Americans' annual average expenditures on vehicle purchases in 2022, by income group (in U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/748911/us-average-per-capita-vehicle-spending-by-category/
Bureau of Labor Statistics. "Americans' Annual Average Expenditures on Vehicle Purchases in 2022, by Income Group (in U.S. Dollars)." Statista, Statista Inc., 1 Sep 2023, https://www.statista.com/statistics/748911/us-average-per-capita-vehicle-spending-by-category/
Bureau of Labor Statistics, Americans' annual average expenditures on vehicle purchases in 2022, by income group (in U.S. dollars) Statista, https://www.statista.com/statistics/748911/us-average-per-capita-vehicle-spending-by-category/ (last visited November 21, 2024)
Americans' annual average expenditures on vehicle purchases in 2022, by income group (in U.S. dollars) [Graph], Bureau of Labor Statistics, September 1, 2023. [Online]. Available: https://www.statista.com/statistics/748911/us-average-per-capita-vehicle-spending-by-category/
