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Monthly Living Expenses Breakdown

Living independently costs over $22,000 per year on average. Housing such as rent or mortgage makes up the largest expense at 37% of monthly costs. Transportation including a car payment, insurance, and gas is the next biggest expense category at 10% of costs. Utilities, groceries, and health insurance each account for 5-6% of monthly living expenses. Cell phones, entertainment, and personal care each represent only a few percent of total costs to live on one's own.

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110 views1 page

Monthly Living Expenses Breakdown

Living independently costs over $22,000 per year on average. Housing such as rent or mortgage makes up the largest expense at 37% of monthly costs. Transportation including a car payment, insurance, and gas is the next biggest expense category at 10% of costs. Utilities, groceries, and health insurance each account for 5-6% of monthly living expenses. Cell phones, entertainment, and personal care each represent only a few percent of total costs to live on one's own.

Uploaded by

api-300241947
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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How much does it cost to live on your own

car: Intrest rate per year: 10.00%


Item: Weekly Cost: Monthly Cost: Yearly Cost: principle: $9,301.00
Term: 60 months
Auto: Car insurance $ 21.00 $ 84.00 $ 1,008.00
gas/fuel $ 10.00 $ 40.00 $ 480.00 monthly payments ($197.62)
car payment $ 49.41 $ 197.62 $ 2,371.44
MONTHLY EXPENSES
Bills/Utilities: Internet/cable/home phone $ 15.00 $ 60.00 $ 720.00
Personal
Car insurance
Caregas/fuel
cell phone $ 8.75 $ 35.00 $ 420.00 3% 4% 2%
natural gas $ 11.25 $ 45.00 $ 540.00 car payment
electric $ 25.00 $ 100.00 $ 1,200.00 10%
Internet/cable/ho
water/sewer/trash $ 15.00 $ 60.00 $ 720.00 cell phone
me phone
Rent/Mortgage
37% 3%natural
2% gas
Entertainment/ Hobbies: Movies $ 5.00 $ 20.00 $ 240.00 2%
electric
dining out $ 5.00 $ 20.00 $ 240.00 5%
water/sewer/trash
gaming ect. $ 15.00 $ 60.00 $ 720.00 3%
Movies
dining out
gaming1%ect.
1%
Groceries: Groceries $ 30.00 $ 120.00 $ 1,440.00 3%
Groceries
Health Insurance 6%
Health Insurance: Health Insurance $ 75.00 $ 300.00 $ 3,600.00
16%
Rent/Mortgage: Rent/Mortgage $ 175.00 $ 700.00 $ 8,400.00

Personal Care: Personal Care $ 12.50 $ 50.00 $ 600.00


Total $ 472.91 $ 1,891.62 $ 22,699.44 Net pay
$ 31,779.22 Gross Pay

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