GOBankingRates

Are You Spending More Than the Average American on 25 Everyday Items?

gorodenkoff / Getty Images/iStockphoto

gorodenkoff / Getty Images/iStockphoto

While your spending is tailored to your individual earnings and priorities, it doesn’t hurt to use the average American as a financial gauge. You might be proud of your uncanny ability to find hidden gems at thrift shops or take advantage of the steepest retail discounts, saving heaps of money on clothing in the process. However, if you’re also spending significantly more than the rest of America on things like education, child care or car insurance, you could be falling behind in terms of reaching your financial goals.

Smart Shopping: 10 Things You Always (and Never) Should Buy at the Dollar Store
Save Money: Unplug These Appliances That Hike Up Your Electricity Bill

GOBankingRates rounded up 25 common expenses and used data from the U.S. Census Bureau, the National Retail Federation and more to find out how much consumers typically spend on everyday items. The different expenses ranged from holiday gifts and subscription services to charitable donations and mortgage payments. In some cases, the figures were shocking. For example, Americans spend more on coffee than they do on their auto insurance — in fact, caffeine consumption accounts for over $1,000 in the average consumer’s expenditures. The final coffee bill is startlingly close to how much people spend on their cellphone services in a given year.

Poll: Does April’s Stock Market Dip Concern You?

If you think that dropping $1,100 on coffee every year is perfectly acceptable, you should consider cutting back in other areas to fuel your caffeine habit without hurting the rest of your budget. While it’s difficult to bring down your rent or mortgage payments on your own, you might find that tackling controllable expenses — like dining out and entertainment — can help you save hundreds, if not thousands, of dollars annually.

Make Your Money Work for You
FluxFactory / Getty Images

Holiday Food and Decorations

  • What the average American spends annually: $231
hapabapa / iStock.com

Subscription Services

  • What the average American spends annually: $3,279
LeoPatrizi / Getty Images

Alcohol

  • What the average American spends annually: $478
svetikd / Getty Images

Holiday Gifts

  • What the average American spends annually: $648
hobo_018 / Getty Images

Pets

  • What the average American spends annually: $690
©Unsplash

Entertainment Fees and Admission

  • What the average American spends annually: $425
santypan / Getty Images/iStockphoto

Public Transportation

  • What the average American spends annually: $263
jimdoberman / Getty Images/iStockphoto

Vehicle Maintenance and Repairs

  • What the average American spends annually: $879
eclipse_images / Getty Images/iStockphoto

Vehicle Insurance

  • What the average American spends annually: $1,575
Bobex-73 / Getty Images/iStockphoto

Miscellaneous

  • What the average American spends annually: $907
Nathan Dumlao / Unsplash

Coffee

  • What the average American spends annually: $2,130
Ridofranz / Getty Images/iStockphoto

Cellphone Services

  • What the average American spends annually: $1,253
skynesher / Getty Images

Education

  • What the average American spends annually: $1,271
SolStock / Getty Images

Health and Fitness (Including Gym Memberships)

  • What the average American spends annually: $1,860

Make Your Money Work for You
wundervisuals / Getty Images

Clothing and Apparel

  • What the average American spends annually: $1,434
Willowpix / Getty Images/iStockphoto

Charitable Donations

  • What the average American spends annually: $2,283
MajaMitrovic / Getty Images/iStockphoto

Gasoline

  • What the average American spends annually: $1,568
Nattakorn Maneerat / Getty Images/iStockphoto

Health Insurance

  • What the average American spends annually: $3,667
©Shutterstock.com

Dining Out

  • What the average American spends annually: $2,375
TWStock / Shutterstock.com

Utilities

  • What the average American spends annually: $4,158
Koji_Ishii / Getty Images/iStockphoto

Groceries

  • What the average American spends annually: $4,942
mixetto / Getty Images

Retirement Account Contributions

  • What the average American spends annually: $6,760
vgajic / Getty Images

Child Care (Infant)

  • What the average American spends annually: $10,368
Linda Raymond / iStock.com

Rent

  • What the average American spends monthly: $1,789
monkeybusinessimages / Getty Images/iStockphoto

Mortgage Payments

  • What the average American spends annually: $17,844

More From GOBankingRates

Methodology: To find how much the average American spends on 25 common expenses each year, GOBankingRates compiled data on spending habits from the (1)U.S. Census Bureau 2019 American Housing Survey; (2)Bureau of Labor Statistics 2020 Consumer Expenditure Survey; (3)National Retail Federation 2021 Winter Holiday Trends report; (4)Myprotein: How Much Do Americans Spend on Health & Fitness survey; (5)Economic Policy Institute Child Care Costs in the United States report; (6)Amerisleep Caffiene Consumption Study; (7)Realtor.com January 2022 Monthly Rental Report; and (8)West Monroe Partners The State of Subscription Services Spending report. All data was collected on and up to date as of April 11, 2022.

Make Your Money Work for You