Housing and transportation accounted for 50 percent of household spending in 2024
- Date: 02/12/2026
Total annual household expenditures in the United States averaged $78,535 in 2024, equivalent to an average of $6,545 per month.…
Local governments can now get a helping hand as they try to add housing near new transit stops and other transportation improvements, thanks to a program launched by the Department of Housing and Urban Development Thursday.
The federal agency is offering $5 million worth of help to communities with the effort, as part of the rollout of the 2021 infrastructure law. HUD officials expect the money will be enough to support 30 to 35 cities in its first yearly allotment, although they hope to use the experiences from those initial participants to educate people from other jurisdictions later.
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