Health insurance, utilities cost more in State College than US average, report says
State College residents spend an average of 43% of the city’s median household income on monthly bills, according to one analysis by an online bill-paying service.
The average Pennsylvania resident spends $1,851 per month on bills, according to the report by doxoINSIGHTS, compared to a U.S. average cost of roughly $2,002.67.
The most expensive average monthly bills across the U.S. include rent and mortgage payments, as well as automotive loans and utility payments.
Here’s how much the average U.S. resident spends, by category, according to the online bill-pay company:
Mortgage: $1,368
Rent: $1,129
Auto loan: $433
Utilities: $328
Auto insurance: $196
Health insurance: $123
Cable and internet: $114
Mobile phone: $113
Alarm/security: $84
Life insurance: $82
How much does the average State College resident pay in bills?
State College residents spend a monthly average of $1,841 on necessary expenses such as mortgage payments or rent, auto insurance, utilities and other bills, according to the analysis.
The median monthly household income in State College is $3,173, the U.S. Census Bureau reports. The census income data represents the median income from 2016 to 2020, expressed in 2020 dollars.
The average cost of rent, auto loans and auto insurance is lower in State College than the national mean, but mortgages, utilities and health insurance cost more locally, according to the report.
Here’s what average State College bill budgets look like, according to doxoINSIGHTS:
Mortgage: $1,581
Rent: $1,079
Auto loan: $284
Auto insurance: $145
Utilities: $362
Health insurance: $145
Life insurance: $61
Cable and satellite: $21
Alarm and security: $85
Here are the 10 most expensive cities in Pennsylvania for bills, from doxoINSIGHTS:
Wynnewood: $2,868 monthly average
Newtown: $2,846
Bryn Mawr: $2,841
Doylestown: $2,810
Glen Mills: $2,797
Chalfont: $2,743
Southampton: $2,720
Langhorne: $2,701
Warrington: $2,697
Wayne: $2,683
