Austinians Pay More Bills Than Anyone In Texas, Study Finds

AUSTIN (KXAN) – According to a recent study, Austinites pay more for household bills than anyone in Texas.

The study, conducted by online payment company Doxo, said residents of Austin pay an average of $ 2,300 per month on “the 10 most common household bills.” The study found that the average Texan pays $ 1,888 per month on these bills.

What Texans pay for bills is the national average. Doxo broke it down with this graphic:

Invoice category Texas average monthly bill National average monthly bill
Mortgage $ 1,412 $ 1,279
To rent $ 1,063 $ 1,062
Automatic loan $ 462 $ 411
Utilities $ 255 $ 316
Car insurance $ 150 $ 185
Cable and Internet $ 115 $ 115
Health insurance $ 93 $ 113
Cellphone $ 116 $ 102
Alarm & Security $ 96 $ 87
Life insurance $ 74 $ 88
Total $1,888 $ 1,889

In the Austin area, which also includes Round Rock and Georgetown for the study, that’s another story. It shouldn’t come as a shock to anyone that mortgage and rent payments are higher in Austin than anywhere else in Texas on average, but there are a few average bills that are lower in Austin.

Invoice category Texas average monthly bill Austin Average Monthly Bill
Mortgage $ 1,412 $ 1,903
To rent $ 1,063 $ 1,279
Automatic loan $ 462 $ 457
Utilities $ 255 $ 170
Car insurance $ 150 $ 173
Cable and Internet $ 115 $ 125
Health insurance $ 93 $ 160
Cellphone $ 116 $ 96
Alarm & Security $ 96 $ 108
Life insurance $ 74 $ 86

The Doxo study indicated that Austin’s average bills are 21.7% higher than the national average, and in addition to being the most expensive in Texas, the region ranks 43rd out of 914 national areas included in the ‘study. Texans typically pay less for utilities than the national average, as well as out-of-pocket health and life insurance payments.

Bills paid by area residents represent 35.9% of average household income in the area, according to the study. In comparison, residents of the San Antonio area pay an average of $ 1,875 and the Killeen / Temple area pays $ 1,759.

Other major metropolitan areas like Dallas-Fort Worth and Houston feature prominently in the study’s Texas list, but none of them come in at No. 2 behind Austin as one would expect. That honor belongs to Brenham, where residents pay more for auto loans, $ 651 to $ 462, health insurance, $ 435 to $ 93, cable and internet, $ 176 to $ 115, and cell phone bills. , $ 282 to $ 116.

Here are the most expensive areas in Texas for household bills, according to the study:

Rank
(1-10 of 70)
City Monthly expenses billed per household * Percentage of household income used for bills Percentage +/- of national average ($ 1,889)
1 Austin, Round Rock, Georgetown area $ 2,300 35.9% + 21.7%
2 Brenham $ 2,182 45.9% + 15.5%
3 Dallas, Fort Worth, Arlington area $ 2,103 35.4% + 11.3%
4 Houston, the Woodlands, the Sugar Land area $ 2,080 35.4% + 10.1%
5 Midland $ 2,037 30.3% + 7.9%
6 Lubbock $ 1,999 46.4% + 5.8%
7 College Station, Bryan area $ 1,890 45.1% + 0.0%
8 San Antonio, New Braunfels area $ 1,875 36.9% -0.7%
9 Odessa $ 1,859 37.0% -1.6%
ten Amarillo $ 1,853 39.2% -1.9%

The cheapest place to pay bills in Texas, according to the study, is the town of Zapata in the Rio Grande Valley, where average bills are $ 1,249.

Source link

About Veronica Richards

Check Also

How this 30-year-old paid off $ 100,000 in debt in 5 years

Select’s editorial team works independently to review financial products and write articles that our readers …