2023 U.S. Household Bill Pay Market Size & Category Breakout
from DOXO, Feb 20, 2023
Today, we released our 2023 U.S. Bill Pay Market Size & Category Breakout Report revealing that of the $3.87 trillion that Americans spend annually on household bills, $3.22 trillion falls within ten essential bill payment categories, comprising nearly three quarters of all U.S. consumer spending. In this report, statistical analysis of actual household payments was used to size the market across more than 97% of U.S. zip codes.
The report found that the average U.S. household spends $24,557 per year on the ten most common household bills. It also breaks out the household spending market size for each bill category, the average amount paid per household per month, the percentage of households that pay each bill, and average bill pay costs by state....
HAWAII
- Average monthly mortgage: $2,247 (third highest in the U.S.)
- Average monthly rent: $1,856 (highest in the U.S.)
- Car loan: $507 (10th highest in the U.S.)
- Utilities: $633 (highest in the U.S.)
- Car insurance: $261 (highest in the U.S.)
- Mobile phone: $165 (highest in the U.S.)
- Cable and internet: $123 (16th highest in the U.S.)
- Health insurance: $223 (highest in the U.S.)
read … Full Report
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