The price of dwelling in america is effectively beneath the price of dwelling in a number of different developed international locations, together with the Nordic nations in addition to New Zealand and Australia. Nonetheless, dwelling bills within the U.S. are greater than in a lot of the world.
In response to a latest examine from Doxo, a invoice paying platform, American households spend a median of $2,003 a month on the most typical payments – or about 37% of what the everyday family earns in a month.
The common month-to-month value of those payments – which embrace hire, auto loans, utilities, automobile insurance coverage, cable, web, cell phone, and medical insurance – are decrease than common in Idaho. The standard Idaho family spends a median of $1,777 per thirty days on payments, the seventeenth lowest among the many 50 states.
States with greater than common month-to-month payments additionally are inclined to have greater than common incomes, whereas cheaper states are usually decrease revenue – and Idaho isn’t any exception. The standard family within the state earns $58,915 a yr, in comparison with the nationwide median family revenue of $64,994, in line with five-year estimates from the U.S. Census Bureau’s American Group Survey.
| Rank | State | Avg. month-to-month family payments ($) | Median family revenue ($) | Avg. invoice whole as a share of revenue (%) |
|---|---|---|---|---|
| 1 | Hawaii | 2,911 | 83,173 | 42.0 |
| 2 | California | 2,649 | 78,672 | 40.4 |
| 3 | New Jersey | 2,610 | 85,245 | 36.7 |
| 4 | Massachusetts | 2,511 | 84,385 | 35.7 |
| 5 | Maryland | 2,456 | 87,063 | 33.9 |
| 6 | Connecticut | 2,380 | 79,855 | 35.8 |
| 7 | New York | 2,361 | 71,117 | 39.8 |
| 8 | Alaska | 2,334 | 77,790 | 36.0 |
| 9 | Washington | 2,277 | 77,006 | 35.5 |
| 10 | New Hampshire | 2,256 | 77,923 | 34.7 |
| 11 | Colorado | 2,251 | 75,231 | 35.9 |
| 12 | Virginia | 2,229 | 76,398 | 35.0 |
| 13 | Rhode Island | 2,172 | 70,305 | 37.1 |
| 14 | Oregon | 2,070 | 65,667 | 37.8 |
| 15 | Delaware | 2,057 | 69,110 | 35.7 |
| 16 | Illinois | 2,029 | 68,428 | 35.6 |
| 17 | Wyoming | 2,022 | 65,304 | 37.2 |
| 18 | Florida | 1,993 | 57,703 | 41.4 |
| 19 | Minnesota | 1,967 | 73,382 | 32.2 |
| 20 | Texas | 1,956 | 63,826 | 36.8 |
| 21 | Nevada | 1,945 | 62,043 | 37.6 |
| 22 | North Dakota | 1,937 | 65,315 | 35.6 |
| 23 | Arizona | 1,936 | 61,529 | 37.8 |
| 24 | Maine | 1,922 | 59,489 | 38.8 |
| 25 | Wisconsin | 1,915 | 63,293 | 36.3 |
| 26 | Utah | 1,910 | 74,197 | 30.9 |
| 27 | Vermont | 1,883 | 63,477 | 35.6 |
| 28 | Georgia | 1,875 | 61,224 | 36.8 |
| 29 | Louisiana | 1,871 | 50,800 | 44.2 |
| 30 | Pennsylvania | 1,851 | 63,627 | 34.9 |
| 31 | North Carolina | 1,829 | 56,642 | 38.7 |
| 32 | Iowa | 1,784 | 61,836 | 34.6 |
| 33 | South Carolina | 1,783 | 54,864 | 39.0 |
| 34 | Idaho | 1,777 | 58,915 | 36.2 |
| 35 | Michigan | 1,754 | 59,234 | 35.5 |
| 36 | Montana | 1,751 | 56,539 | 37.2 |
| 37 | Tennessee | 1,734 | 54,833 | 37.9 |
| 38 | Kansas | 1,720 | 61,091 | 33.8 |
| 39 | Ohio | 1,717 | 58,116 | 35.5 |
| 40 | Missouri | 1,706 | 57,290 | 35.7 |
| 41 | Nebraska | 1,696 | 63,015 | 32.3 |
| 42 | Alabama | 1,688 | 52,035 | 38.9 |
| 43 | New Mexico | 1,663 | 51,243 | 38.9 |
| 44 | South Dakota | 1,654 | 59,896 | 33.1 |
| 45 | Oklahoma | 1,634 | 53,840 | 36.4 |
| 46 | Kentucky | 1,627 | 52,238 | 37.4 |
| 47 | Indiana | 1,607 | 58,235 | 33.1 |
| 48 | Mississippi | 1,559 | 46,511 | 40.2 |
| 49 | Arkansas | 1,552 | 49,475 | 37.6 |
| 50 | West Virginia | 1,452 | 48,037 | 36.3 |