Generation X had the highest spend on home renovations in the United States in 2023. The median spend of Gen Xers was 25,000 U.S. dollars, whereas millennials and seniors had a median spend of 20,000 U.S. dollars. Baby boomers were not only the generation with the second-highest spend, but also the one most likely to carry out renovations.
Median spend on home renovations in the United States in 2023, by generation
(in U.S. dollars)
Characteristic
Median spend in U.S. dollars
Millennials
20,000
Gen X
25,000
Baby boomers
24,000
Seniors
20,000
Created with Highcharts 7.2.2Median spend in U.S. dollars20,00020,00025,00025,00024,00024,00020,00020,000MillennialsGen XBaby boomersSeniors
05,00010,00015,00020,00025,00030,000
Add this content to your personal favorites. These can be accessed from the favorites menu in the main navigation.
You have no right to use this feature.
Make sure to contact us if you are interested in scientific citation.
You can upgrade your account to enable this functionality for all statistics.
This feature is not available with your current account.Request access
Generational categories are based on Pew Research Center’s age ranges: Gen Z (18 to 24), millennials (25 to 39), Gen Xers (40-54), baby boomers (55 to 74) and Seniors (75+).
Statista has been my savior on several occasions.
The site is easy to maneuver and the data is in a format that can
go right into a report or presentation.
Learn more about how Statista can support your business.
Houzz. (March 27, 2024). Median spend on home renovations in the United States in 2023, by generation (in U.S. dollars) [Graph]. In Statista. Retrieved February 19, 2025, from https://www.statista.com/statistics/1409367/us-home-renovation-spend-by-age-group/
Houzz. "Median spend on home renovations in the United States in 2023, by generation (in U.S. dollars)." Chart. March 27, 2024. Statista. Accessed February 19, 2025. https://www.statista.com/statistics/1409367/us-home-renovation-spend-by-age-group/
Houzz. (2024). Median spend on home renovations in the United States in 2023, by generation (in U.S. dollars). Statista. Statista Inc.. Accessed: February 19, 2025. https://www.statista.com/statistics/1409367/us-home-renovation-spend-by-age-group/
Houzz. "Median Spend on Home Renovations in The United States in 2023, by Generation (in U.S. Dollars)." Statista, Statista Inc., 27 Mar 2024, https://www.statista.com/statistics/1409367/us-home-renovation-spend-by-age-group/
Houzz, Median spend on home renovations in the United States in 2023, by generation (in U.S. dollars) Statista, https://www.statista.com/statistics/1409367/us-home-renovation-spend-by-age-group/ (last visited February 19, 2025)
Median spend on home renovations in the United States in 2023, by generation (in U.S. dollars) [Graph], Houzz, March 27, 2024. [Online]. Available: https://www.statista.com/statistics/1409367/us-home-renovation-spend-by-age-group/
Profit from additional features with an Employee Account
Please create an employee account to be able to mark statistics as favorites.
Then you can access your favorite statistics via the star in the header.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.