2022 Consumer Expenditures Surveys — 2023-09-08

Average annual expenditures for all consumer units(1) in 2022 were $72,967, a 9.0-percent increase from 2021, the U.S. Bureau of Labor Statistics (BLS) reported today. (See table A.) During the same period, the Consumer Price Index for All Urban Consumers (CPI-U) rose 8.0 percent, and average income before taxes increased 7.5 percent. The average annual expenditures for 2022 were broken down into 14 major components (table B). Overall, housing accounted for the largest share (33.3 percent), followed by transportation (16.8 percent), food (12.8 percent), personal insurance and pensions (12.0 percent), and healthcare (8.0 percent). Each of the remaining categories contributed less than 5.0 percent of total expenditures. Among the 14 major components of household spending, the largest percent increase in expenditures was in cash contributions (+14.1 percent). The next largest increase was in food (+12.7 percent), followed closely by a 12.3-percent rise in personal care products and services spending, and a 12.2-percent increase in transportation spending.