Report Shows Northeast Indiana Spends Less on Bills Than National Average | The star

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The average Northeast Indiana resident spends significantly less on routine household bills than the national average, according to the recently released doxoINSIGHTS report for 2022.

Doxo, an all-in-one bill payment app, found that the average US household spends $2,003 per month on the 10 most common household bills. It also details the household spending market size for each bill category, the average amount paid per household per month, the percentage of households that pay each bill, and the average bill paying costs by state.

The 2022 US Bill Payment Market Size and Category Breakdown Report showed that Americans spend $3.12 trillion annually on the 10 most common household bill categories.

“This figure represents almost a quarter of all consumer spending in the United States. In this report, statistical analysis of actual household payments was used to size the market across more than 97% of U.S. ZIP codes,” Doxo said.

The data, which DoxoINSIGHTS has for more than 4,000 cities, breaks down bill payments into categories: Mortgage, Rent, Auto Loan, Auto Insurance, Utilities, Health Insurance, Life Insurance, Cable & Satellite, Mobile Phone, Alarm, and Security. .

Doxo found that the average household in America pays:

• $1,368 mortgage;

• $1,129 in rent;

• $433 for car loans;

• $196 for auto insurance;

• $328 in utilities;

• $123 for health insurance;

• $82 for life insurance;

• $114 for cable and satellite;

• $113 for mobile phones; and

• $84 for alarm and security features.

By comparison, the report found at a high level, the average person in Kendallville pays $1,404 per month, which is 29% below the national average.

The report found that the average Kendallville resident pays:

• $688 for the mortgage;

• $667 rent;

• $399 in car loans;

• $131 for auto insurance;

• $296 in utilities;

• $75 for health insurance;

• $55 for life insurance;

• $112 for cable and satellite;

• $102 for mobile phones; and

• $85 for alarms and security devices.

Bill payments make up 34% of Kendallville’s average household income, according to the report.

Households in surrounding towns are paying similar amounts in their bills, the report said.

The Angolan average is $1,533 per month, 23.5% less than the national average. Bill payments represent 33% of the average Angolan household income.

Specifically, the report found that Angolan households pay:

• $958 on the mortgage;

• $773 for rent;

• $399 for car loans;

• $173 for auto insurance;

• $270 for utilities;

• $75 for health insurance;

• $106 for life insurance;

• $100 for cell phones; and

• $85 for alarms and security features.

Locally, Auburn residents pay the most, with monthly bills of $1,552, though that’s still 22.5% below the national average, according to the report.

According to the report, Auburn households pay:

• $886 on the mortgage;

• $710 for rent;

• $469 for car loans;

• $98 for auto insurance;

• $221 for utilities;

• $75 for health insurance;

• $71 for life insurance;

• $143 for cable and satellite;

• $143 for mobile phones; and

• $85 for alarm and security features.

Other average monthly bills for neighboring communities include: $1,391 in Fort Wayne; $1,490 in Columbia City; $1,366 in New Haven; $1,352 in Huntington and $1,546 in Warsaw.

The report says average monthly bills for Indiana total $1,607 per month, or 19.8% less than the national average.

Of the 96 Indiana cities and towns included in the report, Zionsville pays the most bills at $2,600 per month and Decatur pays the least at $1,261.

Doxo said that according to the US Census Bureau, the real median household income in the United States is $67,521. At the same time, Doxo estimates that the average US household spends $24,032 a year on household bills.

“These figures suggest that more than a third of Americans’ annual salary is spent on basic expenses.

“While housing continues to be by far the single largest expense for American households, the report finds that the average household is paying more out of pocket per month for car loans, car insurance and even cell phone bills. than essential costs like health or life insurance, which are often covered by their employer or automatically deducted from paychecks,” Doxo said.

Doxo said its bill payment service allows consumers to pay more than 100,000 vendors in 97% of U.S. ZIP codes. The company has more than 6 million customers, representing all regional and income demographic segments of the United States.

“Incorporating tens of millions of payments, the 2022 United States Bill Payments Market Size and Category Breakdown Report is a true and straightforward representation of what Americans actually pay on bills,” the service said.

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