There can be wide variance in your average monthly costs depending on where you live, and a new report analyzing what Americans pay each month in the 25 largest metro areas shows just where those costs are highest.
Doxo, a web- and mobile-based bill pay service, released it’s report, America’s Household Bills Unbundled, comparing monthly costs for the nine most common bills excluding housing expenses like rent or mortgage payments. The report found that the national average for monthly household expenses is $984.
The following are the 25 largest metro areas ranked from least to most expensive.
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The most common household bills
The report looked at the nine most common household bills. Here are the national averages paid for each bill category:
● Auto Loans: $376
● Auto Insurance: $238
● Utilities: $237
● Health Insurance: $136
● Life Insurance: $124
● Cable, Satellite, Internet & Phone: $118
● Mobile Phone: $98
● Alarm & Security: $82
● Dental Insurance: $35
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The most expensive metros for household bills
“It’s a huge part of the typical household budget, so it’s helpful to see how these expenses stack up.” said Steve Shivers, CEO of doxo. “Information and transparency empower both users and providers and doxoINSIGHTS reports enable consumers to make better decisions, reduce unnecessary expenses, and improve their financial outcomes.”
Click ahead to see the most expensive metros for household bills.
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25. Charlotte, North Carolina
Average monthly household bill cost: $869
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24. Atlanta
Average monthly household bill cost: $876
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23. St. Louis, Missouri
Average monthly household bill cost: $899
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22. Kansas City, Missouri
Average monthly household bill cost: $911
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21. Cleveland
Average monthly household bill cost: $921
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20. Salt Lake City (tie)
Average monthly household bill cost: $923
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20. Minneapolis (tie)
Average monthly household bill cost: $923
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18. Columbus, Ohio
Average monthly household bill cost: $940
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17. Sacramento, California
Average monthly household bill cost: $941
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16. Orlando, Florida
Average monthly household bill cost: $949
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15. Seattle
Average monthly household bill cost: $958
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14. Chicago
Average monthly household bill cost: $976
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13. Portland, Oregon
Average monthly household bill cost: $989
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12. Dallas
Average monthly household bill cost: $991
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11. Denver
Average monthly household bill cost: $1,015
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10. Boston
Average monthly household bill cost: $1,036
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9. Houston
Average monthly household bill cost: $1,037
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8. Pittsburgh
Average monthly household bill cost: $1,056
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7. Detroit
Average monthly household bill cost: $1,061
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6. Philadelphia
Average monthly household bill cost: $1,062
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5. Washington, DC
Average monthly household bill cost: $1,070
Image Credit: Sean Pavone.
4. San Francisco
Average monthly household bill cost: $1,073
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3. Los Angeles
Average monthly household bill cost: $1,096
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2. New York
Average monthly household bill cost: $1,126
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1. Miami
Average monthly household bill cost: $1,157
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Methodology
The report aggregated payment statistics to more than 45,000 billers across 45 different service categories from over 2.5 million users to uncover the actual, unfiltered average cost consumers pay for key household bills and share it in a collective snapshot. Doxo’s data is based on anonymized, aggregated statistics from actual payments made by millions of households for key services, and thereby avoids the self-reported estimates and inaccuracies inherent to standard consumer polling methods of typical industry reports.
This article was produced and syndicated by MediaFeed.org.
Image Credit: DepositPhotos.com.
