Cost of Living: Difference between revisions
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*Healthcare - $1190/person/year | *Healthcare - $1190/person/year | ||
*Entertainment - $1134 | *Entertainment - $1134 | ||
=Average Debt= | =Average Debt= | ||
The above statistics don't tell much about debt levels. | The above statistics don't tell much about debt levels. | ||
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One spends an average of $201,000 on grub. | One spends an average of $201,000 on grub. | ||
This certainly makes a case for[http://howtolivewiki.com/en/The_Unplugged buying out at the bottom]. | This certainly makes a case for [http://howtolivewiki.com/en/The_Unplugged buying out at the bottom]. | ||
[[Category:Statistics]][[Category:Guiding philosophies]] | |||
Revision as of 23:31, 19 August 2011
The average cost of living for an American
- $20,194 per person per year according to Bureau of Labor Statistics (value given divided by 2.5 average household size ('consumer unit') - [1]
- Of this, food ($2577), housing ($6844), cars ($3442) totals $12863 per sucker
Average food expenditures for an American
- Bureau of Labor Statistics - $2577/person/year - [2]
- Almost half of this is eating out
- $4800/year according to [3]
- $2700/year according to [4]
- $5000/year - [5]
Average housing expenditures
- $6844/person/year - includes utilities and furnishings - [6]
- $541 of this is electricity, and 451 is phone
- $1500 of this is mortgage payments, or about 1/4 of all housing costs
The average transportation expenditures
- $3442 per person per year - BLS - [7]
- Of this, $1086 is for fuel and oil, and $205 is public transportation
Other highest costs
From [8]:
- Pensions,personal insurance, social security- $2242/person/year
- Healthcare - $1190/person/year
- Entertainment - $1134
Average Debt
The above statistics don't tell much about debt levels.
$8500 is the average debt per person in America in 2008 - [9]
Cost over a lifetime
Say a person lives 78 years [10], and you take the average cost of living from BLS.
Over 78 years, one spends an average of about $1.6 million dollars just to survive.
Of this, one spends about $1M on housing, food, and cars ($12683 per year * 78)
More specifically:
One spends an average of $530,000 to put a roof over their head over their life.
One spends an average of $270,000 on their wheels.
One spends an average of $201,000 on grub.
This certainly makes a case for buying out at the bottom.