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Cost of Living
United States
Household Income: $74,580
Home Price: $412,300
Rent: $2,100/mo
Coming Soon: City and Zip Code Data
State Search
Real-time data on housing, taxes & more.
The data on The Next Gen Business allows individuals & families to make better decisions about the best places in 2024. Real-time data on cost of living, taxes, housing, economy, education, crime, and insurance levels are updated monthly on The Next Gen Business.
Overview
Overview of the USA
Homes in the United States have a median price of $412,300, and median household income is $74,580. The United States has a moderate property crime rate of 19.54 incidents per 1,000 people.
Curious what your salary would look like after taxes in the United States? Try our free tax calculators.
Median rent is now $2,100 per month in 2024, $10 less than the year prior. Between the years 2020 and 2024 inflation was 21.1%, a 40-year high.
50% of renters are now spending more than the recommended 30% of their income on rent.
Most Populated City
New York
Median Home Price
$412,300
Value of $100
$100
Median Monthly Rent
$2,100
Property Crime Per 1000
19.54
Cost of Living
Cost of Living in the USA
The average cost of living expenses in the United States including: housing, transportation, food, services, and miscellaneous expenses.
Annual Average Expenditures
These are the average annual expenses for someone with an example salary of $50,000 in the United States. Percentages are based on national averages and will vary for each individual.
| Category | Percent | $50,000 |
|---|---|---|
| Housing | 33.5% | $16,750 |
| Transport | 16.6% | $8,300 |
| Food | 12.6% | $6,300 |
| Apparel/serv. | 2.6% | $1,300 |
| Healthcare | 8.1% | $4,050 |
| Entertainment | 5.0% | $2,500 |
| Personal care | 1.2% | $600 |
| Reading | 0.2% | $100 |
| Education | 1.8% | $900 |
| Alcohol | 0.9% | $450 |
| Smoking | 0.5% | $250 |
| Miscellaneous | 1.4% | $700 |
| Cash Contr. | 3.7% | $1,850 |
| PI/pensions | 11.9% | $5,950 |
Monthly Average Expenditures
Here are the average monthly expenses for a person earning an example salary of $50,000. Monthly, that’s an income of $4,167.
| Category | Percent | $4,167 |
|---|---|---|
| Housing | 33.5% | $1,396 |
| Transport | 16.6% | $692 |
| Food | 12.6% | $525 |
| Apparel/serv. | 2.6% | $108 |
| Healthcare | 8.1% | $338 |
| Entertainment | 5.0% | $208 |
| Personal care | 1.2% | $50 |
| Reading | 0.2% | $8 |
| Education | 1.8% | $75 |
| Alcohol | 0.9% | $38 |
| Smoking | 0.5% | $21 |
| Miscellaneous | 1.4% | $58 |
| Cash Contr. | 3.7% | $154 |
| PI/pensions | 11.9% | $496 |
Source: Consumer Expenditure Survey, U.S. Bureau of Labor Statistics
Crime
Crime in the USA
Typical crime rates in the United States including: Crime Rate Per 100k Residents, Violent Crime Per 100k Residents, and Non-Violent Crime Per 100k Residents.
Pop.
341.68 Million
Crime Rate
4,287.31
Violent Crime
384.02
Non-Violent Crime
3,903.28
Jobs
Jobs in the USA
Key job metrics including: Unemployment Rate, Average Wage, and Labor Force Participation.
Job Growth Rate
1.37%
Unemp. Rate
3.9%
Job Openings Level
8.1 Million
Median Household Income
$74,580
Median Hourly Wage
$18.12
Labor Force Part.
62.70%
Taxes
Taxes in the USA
Tax rates including: income, state, capital gains, and sales taxes.
Federal Tax
10-37%
State Taxes
0-13.3%
Capital Gains
0-20%
State Sales Tax
5%
Local Sales Tax
2%
Combined Sales Tax
7%
Insurance
Insurance in the USA
Insurance costs including: monthly health, car, life, and renters insurance.
Renters Insurance
$14-17
Home Insurance
$146
Car Insurance
$223
Travel Insurance
$56-145
Health Insurance
$584
Life Insurance
$14
FAQs
Frequently asked questions
References
We use original research, government sources, and trusted private organizations such as the U.S. Census Bureau, American Community Survey, Zillow, RentCafe, Tax Foundation, Forbes Advisor, Forbes Home, NCSL, U.S. Bureau of Labor Statistics, Education Data Initiative, and the Federal Bureau of Investigation.
What is the Cost of Living Database?
The Cost of Living Database is a tool which aggregates vital cost of living data nationwide.
What inspired the Cost of Living Database?
60% of Americans live paycheck to paycheck. 8.4 million Americans have multiple jobs because cost of living is to high.
This resource was directly created to help anyone analyze cost of living across the nation.
Is the Cost of Living Database free?
United States cost of living statistics are free for public use. State (and eventually zip code) level data is available to ‘All Access’ members.
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