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How much of your daily spending would you say goes to your car? Five percent? Ten percent? You’re close – we spent 14.5 percent of our daily spending on gas and other automotive issues last year – that comes out to $5,477. That’s more than households spend on travel, entertainment, clothes, shoes and hobbies combined.
Personal finance website Bundle surveys government reports, credit transactions and other data so they can tell us how we like to spend our money. They found that last year the average American household spent $2,208 on gasoline and $3,269 on other auto-related expenses.
The state that spent the most on driving is Connecticut, where households spent $7,652 on auto-related expenses. Spending the least was West Virginia, where drivers spent $4,258. When it came to spending on a city level, Austin was the top-spending city, where residents spent $10,128 on their cars. They spent almost five times what drivers in Detroit did ($2,124).
Breaking the numbers down to individuals, those who took the car to work by themselves spent the most on their vehicles, while those who carpooled spent the least. Households with children spent 21.5 percent more than those who didn’t, and young adults aged 18 to 25 used 18 percent of their daily spending to driving – that’s more than any other group.
See how your state fared on automotive spending last year after the jump