In 2023, household expenditure on maintenance, repairs, insurance, and other expenses in the US was 1.66 thousand US dollars. Forecasts indicate a steady annual increase, reaching 1.69 thousand in 2024, and incrementally growing to 1.8 thousand by 2028. Based on these projections, the compound annual growth rate (CAGR) from 2024 to 2028 is approximately 1.6%, showcasing a stable upward trend.
Future trends to watch for:
- Potential impacts of economic fluctuations on household expenditure patterns.
- Technological advancements influencing costs in maintenance and repairs.
- Policy changes affecting insurance rates and household-related expenses.
Latest reports
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