Consumer Expenditure Survey · BLS CE 2024
Owned dwellings spending
U.S. households spent $9,310/yr on owned dwellings in 2024 - 11.9% of the average budget . Up 7% vs 2023 ; the top income quintile outspends the bottom by 6.7×. Figures from the BLS Consumer Expenditure Survey.
- 2024 avg
- $9,310
- Budget share
- 11.9%
- vs 2023
- +7.0%
CES spend plate
Line OWNED-DWELLINGS · Owned dwellings $9,310 · 11.9%
SHARE-MAJOR · QUINT-ELITE · YOY-UP · REAL-INLINE · REGION-WEST · BOOK-TOP
- SHARE-MAJOR 11.9% of budget
- QUINT-ELITE 6.7× Q5/Q1
- YOY-UP +7.0% YoY
- REAL-INLINE Near CPI
- REGION-WEST West leads
- BOOK-TOP #6/99 dollars
Nearest dollar peer: Rented dwellings ($-3,650)
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 Owned dwellings
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 · Owned dwellings
Average annual spending · 2024 · poles + near peers
this line
Spending Trend (2020–2024)
Owned dwellings spending per household, 2020–2024
National average annual spending
| Year | Annual Amount |
|---|---|
| 2024 | $9,310 |
| 2023 | $8,699 |
| 2022 | $8,230 |
| 2021 | $7,591 |
| 2020 | $7,473 |
Subcategories
How the $9,310 owned dwellings total divides across subcategories (BLS Consumer Expenditure Survey 2024).
| Subcategory | Annual Amount (2024) |
|---|---|
| Mortgage interest and charges | $3,646 |
| Property taxes | $2,738 |
| Maintenance, repairs, insurance, and other expenses | $2,926 |
Income stretch on a large owned dwellings line
A large CES line: top-quintile households spend $20,133/yr here vs $2,989 at the bottom (6.7×).
| Income Group | Annual Amount |
|---|---|
| Lowest 20% | $2,989 |
| Second 20% | $5,153 |
| Middle 20% | $7,657 |
| Fourth 20% | $10,557 |
| Highest 20% | $20,133 |
West leads owned dwellings geographically
West leads at $11,487/yr among the bigger CES categories.
Lifecycle peak · 45–54
45–54 heads spend the most on this line at $12,500/yr - a lifecycle peak on a large budget share.
Frequently Asked Questions (show 6)
How much does the average household spend on owned dwellings? ▼
Is owned dwellings spending increasing? ▼
How does income affect owned dwellings spending? ▼
Which region spends the most on owned dwellings? ▼
Which age group spends the most on owned dwellings? ▼
Does household size affect owned dwellings spending? ▼
Other large CES lines near owned dwellings
Dollar-amount and budget-share neighbours from BLS CE 2024 (this category excluded).
Similar dollar amount
Nearest other categories by 2024 average annual spending ($9,310 here).
| Category | 2024 avg |
|---|---|
| Retirement, pensions, and Social Security | $9,222 |
| Personal insurance and pensions | $9,797 |
| Food | $10,169 |
| Food at home | $6,224 |
| Healthcare | $6,197 |
| Rented dwellings | $5,660 |
| Vehicle purchases (net outlay) | $5,337 |
| Transportation | $13,318 |
Similar budget share
Nearest other categories by share of the household budget (11.9% here).
| Category | Budget share |
|---|---|
| Retirement, pensions, and Social Security | 11.7% |
| Personal insurance and pensions | 12.5% |
| Food | 12.9% |
| Food at home | 7.9% |
| Healthcare | 7.9% |
| Rented dwellings | 7.2% |
| Transportation | 17.0% |
| Vehicle purchases (net outlay) | 6.8% |
Average household budget · Methodology · BLS CEX source
Informational only - not advice. See disclaimer.