GITNUX MARKETDATA REPORT 2024

Statistics About The Average Total Cost

The average total cost is calculated by summing up all costs and dividing by the total number of observations.

Last Updated: June 20, 2024

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In this post, we will explore a variety of eye-opening statistics on average total costs across different aspects of life in the United States. From healthcare and education to housing and consumer goods, these figures provide valuable insights into the financial landscape of the country. Discover how these average costs impact individuals, families, businesses, and the economy as a whole.

Statistic 1

"In 2017 the average total cost of employer-sponsored health insurance for family coverage was $18,764."

Statistic 2

"In 2020, the average total cost of a data breach in the U.S was $8.64 million."

Statistic 3

"The average total cost of tuition, fees, and room and board rose 10% over the past five years at public colleges and by 12% at private institutions, adjusted for inflation."

Statistic 4

"On average, it costs around $223,000 to build a new home in the US in 2019."

Statistic 5

"In 2019, the average cost of a wedding in the U.S was $33,900."

Statistic 6

"According to a 2018 report, every car recall costs car companies an average of $640 per car."

Statistic 7

"The average cost to raise a child in the U.S. from birth to 18 is approximately $233,610."

Statistic 8

"The average startup cost for a small business in the US is around $30,000."

Statistic 9

"In US, the average annual cost of home insurance is approximately $1,200."

Statistic 10

"In 2020, the average cost of a gallon of gasoline in the U.S. was approximately $2.17."

Statistic 11

"The average total cost of cyber-attacks for companies around the world was $3.86 million in 2020."

Statistic 12

"In 2020, Americans spent on average $8,003 per person on health care."

Statistic 13

"The average cost of criminal legal fees in the United States is typically between $2,000 and $10,000."

Statistic 14

"The average cost of a new car in the United States is $36,718."

Statistic 15

"In 2020, the average annual total costs attributed to asthma was $81.9 billion."

Statistic 16

"The average total cost to maintain a new car in the US in 2020 was $1,186 per year."

Statistic 17

"The average cost for a funeral in the U.S. is just over $7,000."

Statistic 18

"The average cost of rent in the U.S. was $1,463 per month in 2020."

Statistic 19

"The average cost of a smartphone in the U.S. was $567 in 2020."

Statistic 20

"The average total cost of food per person per month in a U.S. household was $550.60 in 2020."

The statistics presented demonstrate the wide range of average total costs across various aspects of life in the U.S. From healthcare and education to housing and consumer goods, Americans face significant financial burdens in many areas. These figures highlight the importance of financial planning and budgeting to navigate the costly landscape of today’s society. Whether it’s the high cost of health insurance, education, housing, or other everyday expenses, being aware of these average costs can help individuals make informed decisions and manage their finances more effectively.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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