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Sunday, May 19, 2024

Average Illinois household pays $2,029 in common monthly bills, study finds

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Morguefile / gracey

Morguefile / gracey

The average Illinois household spends $2,029 a month on common bills such as rent, auto loans and utilities, the 16th highest amount among the 50 states, according to a new study by the personal finance website Doxo.

In comparison, Hawaii households pay the highest average amount ($2,911) toward these monthly bills, Doxo reported. And West Virginia households pay the lowest average amount ($1,452 per month).

A 2022 study produced by the website found that Illinois households pay 36% of their monthly income for the 10 most common household bills, including mortgages, cable television, internet, phone and insurance. Illinois households’ payments were 1.3% above the national average for such bills, the study said.

The amount paid in common household bills has risen 6% in year-over-year comparisons, according to Doxo. This reflects rising inflation, which puts additional strains on Americans’ monthly budgets, the study found.

Nearly 90% of Americans have seen a jump in their overall household bills over the past year, with utilities showing the greatest increase, the Doxo study titled “State Bill Pay Market 2022” said. 

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Average Monthly Household Bill Payments by State

RankStateTotal Spent per Month% of Household Income% Plus / Minus National Average
1Hawaii$2,91144%45.4%
2California$2,64941%32.3%
3New Jersey$2,61036%30.3%
4Massachusetts$2,51136%25.4%
5Maryland$2,45634%22.7%
6Connecticut$2,38035%18.8%
7New York$2,36139%17.9%
8Alaska$2,33436%16.6%
9Washington$2,27737%13.7%
10New Hampshire$2,25635%12.6%
11Colorado$2,25138%12.4%
12Virginia$2,22935%11.3%
13Rhode Island$2,17239%8.5%
14Oregon$2,07040%3.4%
15Delaware$2,05737%2.7%
16Illinois$2,02936%1.3%
17Wyoming$2,02239%1.0%
18Florida$1,99343%-0.5%
19Minnesota$1,96733%-1.8%
20Texas$1,95637%-2.3%
21Nevada$1,94540%-2.9%
22North Dakota$1,93737%-3.3%
23Arizona$1,93639%-3.3%
24Maine$1,92240%-4.0%
25Wisconsin$1,91538%-4.4%
26Utah$1,91033%-4.6%
27Vermont$1,88337%-6.0%
28Georgia$1,87538%-6.4%
29Louisiana$1,87146%-6.6%
30Pennsylvania$1,85136%-7.6%
31North Carolina$1,82940%-8.7%
32Iowa$1,78436%-10.9%
33South Carolina$1,78341%-11.0%
34Idaho$1,77740%-11.3%
35Michigan$1,75436%-12.4%
36Montana$1,75140%-12.6%
37Tennessee$1,73439%-13.4%
38Kansas$1,72034%-14.1%
39Ohio$1,71736%-14.3%
40Missouri$1,70636%-14.8%
41Nebraska$1,69634%-15.3%
42Alabama$1,68841%-15.7%
43New Mexico$1,66341%-17.0%
44South Dakota$1,65435%-17.4%
45Oklahoma$1,63437%-18.4%
46Kentucky$1,62739%-18.8%
47Indiana$1,60734%-19.8%
48Mississippi$1,55942%-22.2%
49Arkansas$1,55240%-22.5%
50West Virginia$1,45238%-27.5%
Source: Doxo.com

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