Another £484 is spent on alcohol (mostly wine) for consumption at home. We estimate the average UK household now spend £4,100 a year on groceries and non-alcoholic drinks at home. The third largest household budget category is food. Licences, fines and transfers (e.g., stamp duty, road tax)īreakdown of Average UK Transport Costs Average UK Food Costs Money transfers and credit (e.g., cash gifts) Personal (e.g., toiletries, jewellery, sunglasses, etc.) Household (e.g., furniture, linens, appliances, etc.) Recreation and culture (e.g., pets, gym fees, TV, etc.) Housing (e.g., rent, mortgage interest payments, repairs, etc.) Here's how the average household budget breaks down by category, on a weekly, monthly and annual basis: In fact, 13% of our household budgets goes towards transportation, up to 36% towards rent or 55% on mortgage interest payments and 12% to feed ourselves. 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. In 2023 the average UK household budget is around £2,700 a month (£32,655 a year) based on an average of 2.3 people per household, according to our analysis of ONS Family Spending data. 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. In order to better understand average spending levels across these major categories, and more, we've analyzed data from the latest 2021/22 Living Costs and Food Survey from the Office of National Statistics (ONS)-and ramped these figures up by inflation across each category and subcategory to estimate spending, assuming people maintain the same standard of living.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, we estimate that UK households spend £628 per week (£2,700 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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