2024 Consumer Expenditures Surveys — 2025-12-19

Average annual expenditures for all consumer units in 2024 were $78,535, the U.S. Bureau of Labor Statistics reported today. Average annual expenditures for all consumer units in 2023 were $77,158. (See table A.) Average income before taxes was $104,207 in 2024 and was $101,805 in 2023. Table B shows average annual expenditure shares for the 14 major components of total expenditures. Table A shows the average annual expenditures and associated percent changes by components of total expenditures. Among the major components of total expenditures, the only statistically significant increase was found in housing. Average annual expenditures on housing increased 3.3 percent in 2024, after a 4.7-percent increase in 2023. Within this category, expenditures on owned dwellings and rented dwellings both increased in 2024, by 7.0 percent and 5.4 percent, respectively. Table C provides the average annual expenditures by income quintile.