![]() Water-The US Environmental Protection Agency (EPA) estimates the average American family uses 300 gallons of water per day, so we referenced the Circle of Blue to find the average cost of residential water in thirty major US cities and used the average cost of those cities to arrive at our figure of $40 per month.For internet, we found the cost of service that included 60 Mbps, unlimited data, and ADSL. Internet and cable-We used Numbeo to calculate the cost of both internet and cable.Cost-of-living calculators can help you adjust your budget estimates based on your location. For example, the median home value in 2022 is 480,275 in New Jersey, but 213,360 in Ohio. The most common term for a mortgage is 30 years. For example, if you have a 250 monthly car payment and 50 minimum credit card payment, your monthly debt would be 300. You can adjust this amount in our affordability calculator as needed. Housing or Rent Housing and rental costs will vary significantly depending on where you live. These are recurring monthly expenses like car payments, minimum credit card payments or student loans. We used this number and the cost of natural gas per cubic foot in each state, according to the EIA, to find the average monthly cost of natural gas. 20 Common Monthly Expenses to Include in Your Budget 1. Natural gas-The average US home uses 168 cubic feet of natural gas per day.Finally, you need to add up the discretionary. Like it can be a bill for your electricity or a bill for gasoline. These expenses usually and generally vary every single month. It means that now you need to start off with your variable expenses. Electricity-To determine each state’s average electricity bill, we used US Energy Information Administration (EIA) data to find the average monthly electricity consumption for US residents (897 kWh) and multiplied this average by each state’s electricity cost per kWh. After adding and entering your fixed expenses, now you have to add all your common monthly expenses.Since this is your budget, you put it where it makes. Read now: Find out how to save 950 a year on auto insurance. ![]() This will be in the insurance category as well as the transportation category. Our final ranking was based on the total cost of utilities in each state. Added to that, in some of the personal budgeting categories listed below, you will see items listed in different places. analyzed the costs of five different utilities to determine our rankings: electricity, natural gas, internet, cable, and water. ![]()
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