doxo Launches doxoINSIGHTS
doxoINSIGHTS has unveiled a first-of-its-kind anonymized, crowdsourced report on recurring household expenses that compares the largest 25 U.S. Metros.
doxoINSIGHTS report shows Miami is the most expensive for household bills with Charlotte as the most affordable.
The report, titled “America’s Household Bills, Unbundled,” represents the first-ever analysis of Americans’ monthly bill payments in the 25 largest U.S. Metros.
According to the report, the average American household spends $984 per month, which is 17% of their household income, on the nine most common bills, excluding housing expenses such as rent or mortgage.
doxoINSIGHTS analyzed payment statistics from more than 45,000 billers across 45 different service categories, based on anonymized, aggregated data from over 2.5 million users.
The report provides a collective snapshot of the actual, unfiltered average cost each consumer pays a service provider for key household bills.
Unlike the typical industry reports that rely on self-reported estimates and inaccuracies of consumer polling methods, doxo’s data is based on anonymized, aggregated statistics from actual payments made by millions of households for key services.
The report found that the Miami metro, with an average median household income of $52,667, has the highest cost for monthly bill expenses at $1,157 compared to metros such as San Francisco or Washington D.C., where the average household income exceeds $88,000. The lowest average monthly bill expenses were found in Charlotte at $869.