Consumer Expenditure Survey · BLS CE 2024
Mortgage interest and charges spending
U.S. households spent $3,646/yr on mortgage interest and charges in 2024 - 4.6% of the average budget . Up 6.1% vs 2023 ; the top income quintile outspends the bottom by 12.3×. Figures from the BLS Consumer Expenditure Survey.
- 2024 avg
- $3,646
- Budget share
- 4.6%
- vs 2023
- +6.1%
CES spend plate
Line MORTGAGE-INTEREST- · Mortgage interest and charges $3,646 · 4.6%
SHARE-THIN · QUINT-ELITE · YOY-UP · REAL-INLINE · REGION-WEST · BOOK-UPPER
- SHARE-THIN 4.6% of budget
- QUINT-ELITE 12.3× Q5/Q1
- YOY-UP +6.1% YoY
- REAL-INLINE Near CPI
- REGION-WEST West leads
- BOOK-UPPER #16/99 dollars
Nearest dollar peer: Maintenance, repairs, insurance, and other expenses ($-720)
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 Mortgage interest and charges
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 · Mortgage interest and charges
Average annual spending · 2024 · poles + near peers
this line
Spending Trend (2020–2024)
Mortgage interest and charges spending per household, 2020–2024
National average annual spending
| Year | Annual Amount |
|---|---|
| 2024 | $3,646 |
| 2023 | $3,435 |
| 2022 | $3,101 |
| 2021 | $2,781 |
| 2020 | $2,962 |
Income stretch on a large mortgage interest and charges line
A large CES line: top-quintile households spend $8,850/yr here vs $720 at the bottom (12.3×).
| Income Group | Annual Amount |
|---|---|
| Lowest 20% | $720 |
| Second 20% | $1,367 |
| Middle 20% | $2,667 |
| Fourth 20% | $4,593 |
| Highest 20% | $8,850 |
West leads mortgage interest and charges geographically
West leads at $5,246/yr among the bigger CES categories.
Lifecycle peak · 35–44
35–44 heads spend the most on this line at $5,580/yr - a lifecycle peak on a large budget share.
Frequently Asked Questions (show 6)
How much does the average household spend on mortgage interest and charges? ▼
Is mortgage interest and charges spending increasing? ▼
How does income affect mortgage interest and charges spending? ▼
Which region spends the most on mortgage interest and charges? ▼
Which age group spends the most on mortgage interest and charges? ▼
Does household size affect mortgage interest and charges spending? ▼
Other large CES lines near mortgage interest and charges
Dollar-amount and budget-share neighbours from BLS CE 2024 (this category excluded).
Similar dollar amount
Nearest other categories by 2024 average annual spending ($3,646 here).
| Category | 2024 avg |
|---|---|
| Entertainment | $3,609 |
| Food away from home | $3,945 |
| Health insurance | $4,055 |
| Other vehicle expenses | $4,206 |
| Maintenance, repairs, insurance, and other expenses | $2,926 |
| Cars and trucks, used | $2,818 |
| Property taxes | $2,738 |
| Gasoline and other fuels | $2,645 |
Similar budget share
Nearest other categories by share of the household budget (4.6% here).
| Category | Budget share |
|---|---|
| Entertainment | 4.6% |
| Food away from home | 5.0% |
| Health insurance | 5.2% |
| Other vehicle expenses | 5.4% |
| Maintenance, repairs, insurance, and other expenses | 3.7% |
| Cars and trucks, used | 3.6% |
| Property taxes | 3.5% |
| Gasoline and other fuels | 3.4% |
Average household budget · Methodology · BLS CEX source
Informational only - not advice. See disclaimer.