Quick Answer: How Much Does The Average American Spend On Gas A Month?

How much money should I spend a month?

Ideally, you want to put at least 20 percent of your take-home pay into your savings account (for emergencies and other short-term expenses) and investment accounts (for future goals), leaving you 80 percent to spend each month..

What do consumers spend the most money on?

Most consumer spending falls into the larger categories of food, housing, transportation, healthcare, insurance, and other goods and services. Housing alone accounts for almost a third of spending.

Which age group spends the most money?

Between 45-54 Years – $64,781 in spending (64.6% of total income) This age range is notable because it has both the highest income and the highest spending.

How much money should a single person spend on groceries a month?

Single people living in America are spending hundreds of dollars a month on food. The average cost of groceries each month for one person ranges between $165 and $345, according to the U.S. Department of Agriculture, which publishes a monthly food plan that suggests how much money Americans should be spending food.

How much does the average American spend on gas a year?

Average spending: $1,968 Americans spend a little less than $1,968 a year on gas and motor oil. That works out to $164 a month. Spending in this category increased 3.1% in the past year, the first increase since 2012.

How much does the average person pay for gas a month?

The average monthly gas bill in the US is $72.10, though natural gas costs more in some states than others.

How much does the average American spend a month?

The average American’s monthly expenses: $5,102 The average monthly spending of one consumer unit in 2018 was $5,102. That means the average American budget is $61,224 — a 1.9% increase from 2017.

How many times does the average person fill up their gas tank?

Re: How often do you fill your gas tank? Routinely, about once a week. Usually 7-8 gallons and $18-20 these days. Small car with small gas tank and not quite as good MPG as the gas tank size would imply.

How do you calculate how much you spend on gas?

First, divide the distance of the route by your miles per gallon figure to find out how many gallons of gas you will need. After that, multiply the number of gallons by the price of gas to calculate the gas cost for your journey.

How much does the average American spend on entertainment per month?

Entertainment. The average household spends $2,482 a year on entertainment, and I’m guessing that some of the “other expenses” might fall into this category, too. To break this down, this adds up to a little over $200 a month spent on entertainment.

How much does the average American spend on rent?

Average rent in the U.S. is $784 per month. The 35% of Americans who rent pay just a little less than homeowners each year for their rent, maintenance costs, and renters insurance, an average of $9,477.

Can a family of 4 live on 100k a year?

Yes, a family of 4 can live on 100k per year. The average household income in the United States is approximately 73k according to the US Census Bureau. … Keep reading to see how the average costs of living in the United States match up to a 100k per year income for a family of four.