US states that pay the most on household bills and which are the most affordable
This article originally appeared on California 18
Doxo, the bill payment service, published a new report revealing that the average US household spends $24,557 a year on bills most essential items in the home, which represents 35% of the average household income.
According to the report, Hawaii, California, New Jersey, Massachusetts, and Maryland they may feel more pressure, as these states top the list as the most expensive, while West Virginia, Mississippi, Arkansas, Oklahoma and Kentucky rank as the most affordable.
The findings include, for each state, the total monthly bill spend each month, as well as a breakdown of each of the ten most common household billsincluding:
· Mortgage
· Rent
Car loan
Utilities (electricity, gas, water and sewage, and waste and recycling)
· Car insurance
Cable and Internet
· Mobile phone
Medical insurance (portion paid by the consumer)
Alarm and security
· Life insurance
The report shows that Hawaiians spend $3,070 each month on the 10 most common household bills, which represents 50% more than the national average. At the other extreme, West Virginia households spend an average of $1,530 in the top ten categories, which is 25.2% below the national average.
“As consumers navigate their household bills in today’s volatile market, bill payers may feel lostwithout fully understanding how much they are actually paying each month,” said Liz Powell, Senior Director of Insights at doxo.
“Through doxoInsights, we provide consumers, businesses and financial institutions with access to the most extensive and transparent data available on actual household spending on critical bills. Armed with this data and the doxo bill payment app, consumers can make more informed decisions, whether they decide to move to a cheaper state or work to control monthly expensesdoxo provides clear and concise data to build a more informed bill payer.”
The most expensive states for household bills:
State: (1) Hawaii
Monthly bill expense per household: $3,070
Household Income Percentage: 43%
Percentage +/- National Average: + 50%
State: (2) California
Monthly bill expense per household: $2,838
Household Income Percentage: 40%
Percentage +/- National Average: +38.7%
State: (3) New Jersey
Monthly bill expense per household: $2,727
Household Income Percentage: 35%
Percentage +/- National Average: + 33.2%
State: (4) Massachusetts
Monthly bill expense per household: $2,656
Household Income Percentage: 35%
Percentage +/- National Average: + 29.8%
State: (5) Maryland
Monthly bill expense per household: $2,569
Household Income Percentage: 34%
Percentage +/- National Average: + 25.5%
In contrast, the most affordable are:
State: (1) West Virginia
Monthly bill expense per household: $1,530
Household Income Percentage: 38%
Percentage +/- National Average: -25.2%
State: (2) Mississippi
Monthly bill expense per household: $1,616
Household Income Percentage: 41%
Percentage +/- National Average: -21.1%
State: (3)Arkansas
Monthly bill expense per household: $1,635
Household Income Percentage: 39%
Percentage +/- National Average: -20.1%
State: (4) Oklahoma
Monthly bill expense per household: $1,705
Household Income Percentage: 37%
Percentage +/- National Average: -16.7%
State: (5)Kentucky
Monthly bill expense per household: $1,710
Household Income Percentage: 38%
Percentage +/- National Average: -16.4%
To see the complete list, enter here.
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