Personal Finance
Find Out Where Oakland County Ranks In Household Bills: Report
Doxo, an online bill payment service, recently released a report ranking the highest and lowest cities in Michigan for household expenses.
OAKLAND COUNTY, MI — According to a recent report, Michigan residents pay an average of 11 percent less on household bills than the U.S. average. Doxo, an online bill payment service, released a report ranking the highest and lowest towns and cities in Michigan for household expenses.
DoxoInsights took a look at towns and cities in Michigan, as well as the rest of the country, for the report. According to the report, the average household in Oakland County pays $2,254 per month ($27,047 per year) on the 10 most common household bills, which ranks it as the No. 3 most expensive county in Michigan. Nationally, Americans pay $2,126 monthly on average for all services.
In addition, Oakland County household bills are 11 percent higher than the U.S. average in the Cost of Bills Index (household bills expense per month, including housing). Bills in Oakland County households are $1,534 higher per year than the U.S. average.
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According to the report, household bills account for 27 percent of annual household income, which averages $99,095 in Oakland County.
The report looked at mortgage, rent, auto loans, utilities, auto insurance, health insurance, mobile phone, cable and internet, alarm and security, and life insurance. Here is a breakdown of how much Oakland County residents pay monthly for each service compared to the rest of the country.
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- Mortgage — Oakland County residents pay $1,782 monthly vs. national average ($1,402 monthly)
- Rent — residents pay $1,279 vs. national average ($1,300)
- Auto loans — residents pay $453 vs. national average ($496)
- Utilities — residents pay $242 vs. national average ($362)
- Auto insurance — residents pay $199 vs. national average ($209)
- Health insurance — residents pay $110 vs. national average ($114)
- Mobile phone — residents pay $122 vs. national average ($121)
- Cable and internet — residents pay $129 vs. national average ($122)
- Life insurance — residents pay $88 vs. national average ($87)
- Alarm and security — residents pay $80 vs. national average ($85)
According to the report, the top 10 most expensive counties for household bills in Michigan are:
- Livingston County - $2,546
- Washtenaw County - $2,377
- Oakland County - $2,254
- Barry County - $2,226
- Grand Traverse County - $2,185
- Monroe County - $2,109
- Kent County - $1,981
- Cass County - $1,970
- Van Buren County - $1,941
- Clinton County - $1,916
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