Fact #463: April 2, 2007
Transportation is a Large Share of Average Household Expenditures
After housing, transportation was the largest single expenditure for the average American household in 2005. Within the transportation category, expenditures for vehicles and for gasoline and oil were the highest.
|Expenditure Category||Share of Household|
Gasoline and Motor Oil 4.3%
|Personal Insurance and Pensions||11%|
|Apparel and Services||4%|
|Average Annual Expenditures||$46,409|
Source: U.S. Department of Labor, Bureau of Labor Statistics, 2005 Consumer Expenditure Survey.