Channel: Business Insider
Viewing all articles
Browse latest Browse all 87166

It's Shocking What It Costs To Be An American Consumer Today



Anyone can "make it in America," but the question remains: at what cost? 

The median household income in the U.S. hovers right below $52,000, according to U.S. Census data

To find out just where that cash is going, we've trolled through the latest data in employment, transportation, and common consumer expenditures. 

HOUSING: $181,500 is the median asking price for homes today (about $827.22/month with a 30-year fixed rate loan at today's interest rates).

Source: The National Association of Realtors.

RENT: Between $865 and $1,008 per month. Rental rates continue to soar, with a 5.3 percent gain over 2011, according to Trulia.

Source: RealFacts via the L.A. Times/Trulia 

MARRIAGE: The average couple spends $27,000 to tie the knot, which includes $1,121 for the wedding gown alone.

Source: The Knot

See the rest of the story at Business Insider

Please follow Your Money on Twitter and Facebook.

Viewing all articles
Browse latest Browse all 87166

click here for Latest and Popular articles on SAP ERP