This Is How Much Money People Spend on 25 Everyday Items, Data Shows

Paul Thompson
·3 min read

Whether it's for basic necessities like food and shelter or more fun things like entertainment and holiday gifts, it can seem like you're always spending money—which is actually pretty accurate when you think about it. But, while some purchases can be made with what seems like little more than pocket change, over time they can really start to add up. For example, if you hit your favorite java joint every morning to start your day, you might be shocked to see how much you are spending on coffee every year. That's why, in an effort to help you get a handle on your spending, GOBankingRates tallied up 25 common expenses using data from the U.S. Census Bureau and the National Retail Federation to see how much the average person living in the U.S. is spending on these items every year. Read on to discover how much people spend every year on everything from groceries to gasoline, and if you want to see these expenses broken out on a day-to-day level, This Is How Much Money People Your Age Spend Every Day, Data Shows.

1

Holiday food and decorations

How much the average person in the U.S. spends annually: $227

2

Subscription services

How much the average person in the U.S. spends annually: $237.33

3

Alcohol

How much the average person in the U.S. spends annually: $583

And if you want to see how your paycheck compares with those others among your generations, This Is How Much Money People Your Age Make on Average, Data Show.

4

Gifts

How much the average person in the U.S. spends annually: $659

5

Pets

How much the average person in the U.S. spends annually: $662

6

Entertainment

How much the average person in the U.S. spends annually: 766

7

Public transportation

How much the average person in the U.S. spends annually: $818

8

Vehicle maintenance

How much the average person in the U.S. spends annually: $890

9

Vehicle insurance

How much the average person in the U.S. spends annually: $976

10

Miscellaneous expenses

How much the average person in the U.S. spends annually: $993

11

Coffee

How much the average person in the U.S. spends annually: $1,100

12

Cell phone service

How much the average person in the U.S. spends annually: $1,188

13

Education

How much the average person in the U.S. spends annually: $1,407

14

Health and fitness

How much the average person in the U.S. spends annually: $1,860

15

Clothing

How much the average person in the U.S. spends annually: $1,866

16

Charitable donations

How much the average person in the U.S. spends annually: $1,888

17

Gas

How much the average person in the U.S. spends annually: $2,109

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18

Health insurance

How much the average person in the U.S. spends annually: $3,405

19

Dining out

How much the average person in the U.S. spends annually: $3,459

20

Utilities

How much the average person in the U.S. spends annually: $4,049

21

Groceries

How much the average person in the U.S. spends annually: $4,464

22

Retirement accounts

How much the average person in the U.S. spends annually: $6,831

23

Child care

How much the average person in the U.S. spends annually: $9,006

24

Rent

How much the average person in the U.S. spends annually: $12,696

25

Mortgage

How much the average person in the U.S. spends annually: $18,792

And if you've ever wondered how much cash your peers have stashed away, This Is How Much Money People Your Age Have on Average, Data Shows.