Californians spent $11,262 per person on housing-related expenses in 2022, 23% above the US norm.
”Survey says” looks at various rankings and scorecards judging geographic locations while noting these grades are best seen as a mix of artful interpretation and data.California’s lofty housing costs are topped by just three places in the nation when you ponder the expense per person.Californians paid $11,262 per person for housing-related expenses and utility costs in 2022 – 23% above the typical American’s $9,161.
If that seems low, note that the typical California household has nearly three residents. Also, remember that many homeowners have no mortgage or a home loan with a low-low interest rate acquired during the heated days of the pandemic. Consider the scale of California’s housing cost pain: It was topped by DC at $14,959, Colorado at $11,466 and Massachusetts at $11,315.Or peek at housing costs this way: The cost of shelter gobbled up 19% of California’s per capita consumer spending vs. 17% nationally. Hawaiians spent the most on housing, 20% of all spending. The low was 14% in North Dakota.Californians spent $60,272 per person on all goods and services last year . That’s 15% above US expenditures. High? $85,732 . Low? $39,678 .
But more importantly, Golden State spending was up $206 billion from 2021 – and a 9.6% jump . Americans’ total spending rose 9.2% in the year.
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