Households in the Miami-Fort Lauderdale-West Palm Beach, FL, metropolitan area spent an average of $71,378 per year in 2022–23, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Victoria G. Lee noted that food, housing, and transportation expenditures together accounted for 69.0 percent of the area’s household budget. (See chart 1 and table 1.) Nationally, these three components accounted for 62.9 percent of household spending.

Average expenditures among the 22 published metropolitan areas nationwide ranged from $110,886 in San Francisco to $71,378 in Miami. Nationally, the average annual household expenditure was $75,172.

  

View Chart Data

Chart 1. Shares of average expenditures for selected major components in the United States and Miami metropolitan area, 2022–23

Category	United States	Miami
Housing	33.1	37.4
Transportation	16.9	20.2
Personal insurance and pensions	12.2	11.7
Food	12.9	11.5
Healthcare	8.0	5.9
Entertainment	4.7	4.7
Apparel and services	2.7	2.6
Cash contributions	3.4	1.8

• Housing: This was the largest expenditure component for Miami-area households and averaged $26,661. Housing accounted for 37.4 percent of the area’s household budget, compared to the 33.1-percent U.S. average. Among the 22 metropolitan areas, housing expenditure shares ranged from 38.0 percent in San Francisco to 30.5 percent in St. Louis. (See table 2.)

• Transportation: Miami-area households spent 20.2 percent of their budget on transportation. The national average was 16.9 percent. Of the $14,424 in annual transportation expenditures in Miami, 92.4 percent was spent buying and maintaining private vehicles; this compared to the national average of 92.3 percent.

• Food: The portion of a Miami household’s budget spent on food was 11.5 percent, compared to the 12.9-percent U.S. average. Miami-area households spent $5,839, or 71.4 percent, of their food dollars on food at home and $2,344 (28.6 percent) on food away from home. In comparison, the average U.S. household spent 60.8 percent of its food budget on food at home and 39.2 percent on food away from home.

Data in this release are from the Consumer Expenditure Surveys (CE), which the U.S. Census Bureau conducts for the U.S. Bureau of Labor Statistics. The data in this release were averaged over a 2-year period. Data for the nation, the four geographic regions of the United States, and 22 metropolitan areas nationwide are available via published tables. The CE provides a glossary of terms for reader convenience. Technical and related information are available in the Consumer Expenditures and Income Handbook of Methods.

The Miami-Fort Lauderdale-West Palm Beach, FL Metropolitan Statistical Area comprises Broward, Miami-Dade, and Palm Beach Counties in Florida. MSA definitions and details for areas referenced in this release are available online.

Differences in spending among metropolitan areas may reflect differences in the cost of living, but they also may reflect other causes. Spending differences may result from different consumer preferences or variations in demographic characteristics, such as household size, age, or income levels. However, expenditure shares, or the percentage of a household’s budget spent on a particular component, can be used to compare spending patterns across areas. Sample sizes for the metropolitan areas are much smaller than for the nation, so the U.S. estimates and year-to-year changes are more reliable than those for the metropolitan areas. Users should also keep in mind that prices for many goods and services have changed since the survey was conducted.

Other metropolitan area news releases for the Consumer Expenditure Survey are available online.

Information in this release will be made available to individuals with sensory impairments upon request. Voice phone: (202) 691-5200; Telecommunications Relay Service: 7-1-1.