Let’s further elaborate on these expenses. Typical expenses include major expenses like mortgage payments and groceries to minor expenses like clothing. But the question is, where do families spend this money on? Moreover, when you average all monthly expenses values from the different family sizes, we will get $5,253 monthly or $63,036 annually. But, according to the Bureau of Labor Statistics, the explanation roots in the nature of the statistical estimates. Looking at the table, you might be amazed and confused to see that a family of five has lower monthly expenses compared to a family of four. The table below shows the average monthly expenses for each family size according to the Bureau of Labor Statistics. A household can also have extended family members, such as grandparents and other unrelated people. The Consumer Expenditure Survey conducted by the US Bureau of Labor Statistics (BLS) in September 2020 provides the average monthly expenses reported here.įurther, it would be helpful to note that when we talk about family, it doesn’t necessarily mean two parents and two children when we talk about family. Average monthly expenses for a family living in the US This article will elaborate on the specific expenses your family will have to spend while you’re in the United States. If you want to know more about the factors likely to affect the cost of living the American dream, you’ve come to the right place. Then, having one child will raise it to $6,178, or $74,134 annually. Meanwhile, a couple’s living cost averages $5,572 monthly or $66,861 yearly. A family of four needs $7,095 per month or $85,139 annually. The cost of living in the United States for a family varies per state.
However, regardless of how good you think the US is, one thing you should highly consider before moving here is the cost of living. Many people want to move to the US with the dream of having a better life with their families.
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