Homeowner expenditures take more out of budgets in Northeast and West

December 15, 1998

Consumers in the Northeast and West allocate larger shares of expenditures to owned dwelling (or homeowner) expenses--mortgage interest and charges; property taxes; and maintenance, repairs, and insurance--than do consumers in the South and Midwest.

In 1995, consumers in the West spent 13.3 percent of total expenditures on owned-dwelling expenses, and those in the Northeast spent 13.1 percent. This compared with 11.0 percent in the Midwest, and 10.0 percent in the South.

Owned dwelling expenditures by region, 1989 and 1995
[Chart data—TXT]

Between 1989 and 1995, the share of total expenditures going to owned dwelling expenses rose the most in the Northeast, and the least in the South.

In 1995, the share of total expenditures allocated to mortgage interest and charges was highest in the West, and increased the most between 1989 and 1995 in the Northeast. The South reported a decline in the share of total expenses going to mortgage interest and charges.

The largest increase between 1989 and 1995 in the share of total expenditures going to property taxes was reported in the Northeast; that region also reported the highest share of expenses allocated to property taxes.

These data are a product of the BLS Consumer Expenditure Survey. Additional information is available from "Owned Dwelling Expenditures by Region", Report 924, October 1998.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Homeowner expenditures take more out of budgets in Northeast and West on the Internet at http://www.bls.gov/opub/ted/1998/dec/wk3/art02.htm (visited August 28, 2016).

OF INTEREST

Recent editions of Spotlight on Statistics

  • A look at healthcare spending, employment, pay, benefits, and prices
    As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.

  • Employment and Wages in Healthcare Occupations
    Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.

  • Fifty years of looking at changes in peoples lives
    Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.