Consumer Expenditure Survey · BLS CE 2024
Life and other personal insurance spending
U.S. households spent $575/yr on life and other personal insurance in 2024 - 0.7% of the average budget . Up 5.3% vs 2023 ; the top income quintile outspends the bottom by 7.7×. Figures from the BLS Consumer Expenditure Survey.
- 2024 avg
- $575
- Budget share
- 0.7%
- vs 2023
- +5.3%
CES spend plate
Line LIFE-AND-OTHER-PER · Life and other personal insurance $575 · 0.7%
SHARE-TRACE · QUINT-ELITE · YOY-UP · REAL-INLINE · REGION-WEST · BOOK-MID
- SHARE-TRACE 0.7% of budget
- QUINT-ELITE 7.7× Q5/Q1
- YOY-UP +5.3% YoY
- REAL-INLINE Near CPI
- REGION-WEST West leads
- BOOK-MID #61/99 dollars
Nearest dollar peer: Retirement, pensions, and Social Security (+$8,647)
Instrument codes from this line’s budget share, income-quintile gap, YoY move, real change vs ~21% CPI-U (2020-2024), regional lead, and corpus book size, not a budgeting recommendation.
Spend neighbourhood around Life and other personal insurance
Lowest and highest poles plus nearest dollar peers among sibling lines, not a full-board reprint. Figures from the BLS Consumer Expenditure Survey.
Dollar neighbourhood · Life and other personal insurance
Average annual spending · 2024 · poles + near peers
this line
Spending Trend (2020–2024)
Life and other personal insurance spending per household, 2020–2024
National average annual spending
| Year | Annual Amount |
|---|---|
| 2024 | $575 |
| 2023 | $546 |
| 2022 | $519 |
| 2021 | $473 |
| 2020 | $486 |
Income stretch · mid-book life and other personal insurance
Mid-book CES line: income still stretches 7.7× from $174 (bottom quintile) to $1,339 (top).
| Income Group | Annual Amount |
|---|---|
| Lowest 20% | $174 |
| Second 20% | $305 |
| Middle 20% | $435 |
| Fourth 20% | $618 |
| Highest 20% | $1,339 |
West leads life and other personal insurance geographically
West leads at $648/yr.
Lifecycle peak · 45–54
45–54 heads spend the most on this line at $771/yr.
Frequently Asked Questions (show 6)
How much does the average household spend on life and other personal insurance? ▼
Is life and other personal insurance spending increasing? ▼
How does income affect life and other personal insurance spending? ▼
Which region spends the most on life and other personal insurance? ▼
Which age group spends the most on life and other personal insurance? ▼
Does household size affect life and other personal insurance spending? ▼
Nationwide peers near life and other personal insurance
Dollar-amount and budget-share neighbours from BLS CE 2024 (this category excluded).
Similar dollar amount
Nearest other categories by 2024 average annual spending ($575 here).
| Category | 2024 avg |
|---|---|
| Personal services | $547 |
| Bakery products | $539 |
| Other household products | $537 |
| Dairy products | $631 |
| Women, 16 and over | $632 |
| Other entertainment supplies, equipment, and services | $640 |
| Alcoholic beverages | $643 |
| Furniture | $648 |
Similar budget share
Nearest other categories by share of the household budget (0.7% here).
| Category | Budget share |
|---|---|
| Bakery products | 0.7% |
| Other household products | 0.7% |
| Personal services | 0.7% |
| Footwear | 0.6% |
| Men and boys | 0.6% |
| Natural gas | 0.6% |
| Other dairy products | 0.6% |
| Alcoholic beverages | 0.8% |
Average household budget · Methodology · BLS CEX source
Informational only - not advice. See disclaimer.