![]() ![]() Where does the typical household budget go? Brits spend the most on transportation, housing and food. But your housing situation can mean you spend a lot more or less. Compared to 2019, expenditures on household bills increased just 0.4% in 2020. In 2020 the average UK household budget was £2,548 a month (£30,571 a year) based on an average of 2.4 people per household, according to the latest ONS Family Spending report. If any particular line items jump out at you in this regard, please kindly let us know in the comments and we will try to address the limitations of the ONS data with further explanation, analysis or colour. ![]() As a result, you may notice that some figures don't accurately reflect the true cost for a user. Note: The figures in this article come from the Office for National Statistics and reflect average spending across all households, combining households that do and do not spend on a given line item. If you're hoping to make your budget stretch further, read about 10 ways to reduce your monthly expenses. We've analyzed data from the latest 2019/20 Living Costs and Food Survey from the Office of National Statistics (ONS) in order to better understand average spending levels across these major categories, and more.ĭepending on where you live, your stage of life, and your financial circumstances, you may also be spending extra on childcare, college tuition or health care. On average, UK households spend £588 per week (£2,548 a month) to cover living expenses including a roof over our heads, food in our bellies, clothes on our backs, and transport to and from work or school-but costs are higher if you rent or have a mortgage.
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