This week, bill pay service doxo released its annual Household Bill Pay report, which breaks down how much the average U.S. household spends on essentials,…
The doxo report found that 40% of households in the U.S. have to pay a monthly mortgage and that the average monthly payment is $1,402 report, which breaks down how much the average U.S. household spends on essentials, including auto loans, utilities, health insurance, rent and mortgages. The average amount consumers spend per year on household bills grew 4% year over year.
Doxo used U.S. Census mortgage data, inclusive of taxes and homeowners insurance, to rank the states with the highest and lowest average monthly mortgage payments.Sign up for NBC LA newsletters.The average monthly mortgage in the West Coast state is $2,576, which is $1,174 above the national average. The average cost of bills in California is 38.7% above the national average, according to a 2023 doxo report.
The cost of living in California is 38% higher than the national average and housing is 97% higher than the national average, according toSome of the most expensive cities to live in the state include Sunnyvale, San Jose, and San Francisco. All of these cities have deep ties to the tech industry, which is a big reason for the higher cost of living.and 125% higher than the rest of the U.S. The city is home to tech giants like Google, LinkedIn and Oracle.
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