Did you know that the average US resident will spend about $24,032 each year on bills alone? The CW 33 reported that a person's location has a huge impact on how much they spend each month on bills.
Doxo, a personal finance resource, determined just how much residents in various US cities spend each month on bills. The website states, "Doxo calculates the monthly bills from the 10 most common bills: auto loans, auto insurance, utilities (water, gas, electric, waste), health insurance, life insurance, cable internet and phone, mobile phone alarm and security, rent, and mortgage."
According to the study, Texas residents' average bill costs per month are around $1,956. This is 2.3% lower than the national average. Mortgage and rent payments make up the largest chunk of those monthly expenditures, followed by auto loans, auto insurance, and utilities.
Here are the Texas cities that pay the most in monthly bills:
- Frisco- $2,739
- Plano- $2,691
- Austin- $2,447
- Round Rock- $2,438
- Spring- $2,435
- Katy- $2,424
- Sugar Land- $2,362
- Lewisville- $2,346
- McKinney- $2,281
- Grand Prairie- $2,260
See the full list of Texas cities that pay the most in monthly bills on Doxo's website.