I must being doing something wrong, my rent and bills is WAY more than 20% of my expenditures.
This makes no sense cuz I’ve lived in a lot of states and I’ve paid more for utilities and housing outside of AZ. Granted, our housing costs are way up of late but still.
Ha, I’m in AZ and it’s exactly 20% for me! I probably have the lowest expenses of anyone I know though. Got a mortgage and solar at very low interest rates.
California and Texas being about the same 🤯
Now do just the renting population. Homeowners pay significantly less and hold on to their homes more now than ever.
Is taxes a personal consumption expenditure? Because if not, there is no way most people are spending <20% on housing and utility bills.
Likely the median number would be higher than the average on this one, with rich outliers throwing off the average.
Does this not include property taxes?
CA average is 12.2k per year? Where do you even rent there for under 1k a month? Seems way off.
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These numbers include rent payments and imputed rent payments for homeowners as well as utility payments and other housing costs.
Data: [https://apps.bea.gov/regional/downloadzip.htm](https://apps.bea.gov/regional/downloadzip.htm)
Tools: R (packages: dplyr, ggplot2, sf, usmap, tools, ggfx, grid, scales)
I must being doing something wrong, my rent and bills is WAY more than 20% of my expenditures.
This makes no sense cuz I’ve lived in a lot of states and I’ve paid more for utilities and housing outside of AZ. Granted, our housing costs are way up of late but still.
Ha, I’m in AZ and it’s exactly 20% for me! I probably have the lowest expenses of anyone I know though. Got a mortgage and solar at very low interest rates.
California and Texas being about the same 🤯
Now do just the renting population. Homeowners pay significantly less and hold on to their homes more now than ever.
Is taxes a personal consumption expenditure? Because if not, there is no way most people are spending <20% on housing and utility bills.
Likely the median number would be higher than the average on this one, with rich outliers throwing off the average.
Does this not include property taxes?
CA average is 12.2k per year? Where do you even rent there for under 1k a month? Seems way off.
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