The Bureau of Labor Statistics of the U.S. Department of Labor is the principal Federal agency responsible for measuring labor market activity, working conditions, and price changes in the economy.
For Release: Thursday, October 29, 2015
MID-ATLANTIC INFORMATION OFFICE: Philadelphia, Pa.
(215) 597-3282 BLSInfoPhiladelphia@bls.gov
(215) 861-5600 BLSMediaPhiladelphia@bls.gov
Consumer Expenditures for the Baltimore Area: 2013-14
Households in the Baltimore-Towson, Md., metropolitan area spent an average of $63,145 per year in 2013–
14, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Sheila Watkins noted that this
figure was significantly higher than the $52,284 average expenditure level for households in the United States.
Baltimore-area households allocated their dollars similarly among most of the eight major categories, with
only three differing significantly from the U.S. average. For example, the share of expenditures for healthcare,
which accounted for 6.1 percent of the average household’s budget in the Baltimore area, was significantly
lower than the national average of 7.5 percent. (See chart 1 and table 1.)
Highlights of the Baltimore area’s 2013–14 spending patterns:
Housing: This was the largest expenditure category for Baltimore-area households and averaged $21,399.
Housing accounted for 33.9 percent of the area’s household budget, not significantly different from the 33.4-
percent U.S. average. (See table 1.) Overall, 8 of the 18 metropolitan areas nationwide for which data were
available had expenditure shares for housing that were not significantly different than the U.S. average, while
another 8 areas had signifantly higher-than-average shares; only Cleveland (31.0 percent) and Detroit (30.2
percent) had significantly lower-than-average shares. Housing expenditures shares among the 18 areas
nationwide ranged from 39.6 percent in New York to 30.2 percent in Detroit. (See table 2.)
Personal insurance and pensions: Baltimore households spent 15.5 percent of their annual budget on
personal insurance and pensions, making this the second-largest expenditure category f