Owned dwellings Spending
How much American households spend on owned dwellings — 2024 data from the BLS Consumer Expenditure Survey
Spending Insight: Owned dwellings
American households spent an average of $9,310 on owned dwellings in 2024, representing 11.9% of total consumer expenditures. This marks a notable 7.0% increase from 2023 ($8,699), outpacing general inflation and suggesting growing consumer prioritization of this category.
Since 2020, owned dwellings spending has risen by 24.6% (from $7,473 to $9,310), substantially exceeding cumulative inflation over the same period — a real increase in household burden. The category breaks into 3 subcategories, each with its own spending dynamic — drill into any row below to see the finer-grained picture.
Income is the strongest predictor of owned dwellings spending: the top income quintile spends $20,133/year versus $2,989 for the lowest quintile — a 6.7x gap. Regionally, the West spends the most ($11,487/year) while the South spends the least ($7,752/year). Use the cross-cuts below — by income, region, age, household size, and housing tenure — to see which demographic factors drive this category hardest for your situation.
Spending Trend (2020–2024)
| Year | Annual Amount |
|---|---|
| 2024 | $9,310 |
| 2023 | $8,699 |
| 2022 | $8,230 |
| 2021 | $7,591 |
| 2020 | $7,473 |
Subcategories
| Subcategory | Annual Amount (2024) |
|---|---|
| Mortgage interest and charges | $3,646 |
| Property taxes | $2,738 |
| Maintenance, repairs, insurance, and other expenses | $2,926 |
By Income Level (2024)
How owned dwellings spending varies across income quintiles
| Income Group | Annual Amount |
|---|---|
| Lowest 20% | $2,989 |
| Second 20% | $5,153 |
| Middle 20% | $7,657 |
| Fourth 20% | $10,557 |
| Highest 20% | $20,133 |
By Region (2024)
Geographic variation in owned dwellings spending
By Age Group (2024)
How owned dwellings spending changes across the lifecycle
By Household Size (2024)
| Size | Annual |
|---|---|
| 1 Person | $5,246 |
| 2 People | $11,058 |
| 3 People | $9,710 |
| 4 People | $10,806 |
| 5 or More | $14,197 |
By Housing Tenure (2024)
| Tenure | Annual |
|---|---|
| Homeowner (with mortgage) | $14,293 |
| Homeowner (no mortgage) | $19,118 |
| Renter | $7,929 |
Frequently Asked Questions
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? ▼
Spending Guides
Related Spending Categories
Browse other major categories from the BLS Consumer Expenditure Survey.
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Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the BLS Consumer Expenditure Survey. Consult a qualified professional before making decisions based on this data.
Read our methodology — how this data is sourced, computed, and verified.
