U.S. Utilities Market Size & Household Spend Report 2024
doxoINSIGHTS’ U.S. Utilities Market Size and Household Spend Report for 2024 reveals that Americans spend an average of $362 per month on utilities, up 3% from last year. The findings uncover that 79% of U.S. households with a utility bill spend $362 per month, or $4,344 per year – which equates to $3,432* per year when averaging across all U.S. households. Through a statistical analysis of actual household payments toward utilities across 97% of U.S. zip codes, the report also reveals that Americans spend a total of $451 billion annually on utility bills.
Utilities costs have risen over the past year, and will continue to rise throughout the winter months
These doxoINSIGHTS findings come as electricity prices have mostly kept pace with inflation over the past decade but surpassed inflation rates in 2024, according to the U.S. Bureau of Labor Statistics. According to the U.S. Energy Information Administration, retail prices of electricity will continue to increase across all customer segments in 2025. In line with this forecast, doxo’s data reveals that payments to Utility bills as a whole were up 3% year over year, suggesting that Americans could continue to be in for an expensive winter in terms of paying bills.
The report breaks out the U.S. household spending market size for utilities; the percentage of households that pay the bill; and the average monthly and annual bill pay cost by state, largest 50 U.S. cities and cities in the U.S. with more than 40k households.
Download the full report below.
U.S. Utilities Market Size and Household Spend Report 2024
A comprehensive look into the Utilities industry, with a deep dive into market size and average spend at the national, state, and regional level.
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