Homeownership Costs in the US Jumped 26% Since Pandemic Began

 

• Bills for taxes, insurance, energy and maintenance soared
• Typical buyers spending $1,510 a month more than in March 2020

The cost of owning a home in the US has increased 26% since 2020, as expenses including taxes, insurance and utilities all soared during a period of high inflation across the economy.

The average annual outlay for owning and maintaining a typical single-family home — not including mortgage payments — totaled $18,118 in March, the personal finance website Bankrate found. That works out to $1,510 a month more than four years earlier, when pandemic lockdowns began.

https://www.bloomberg.com/news/articles/2024-06-10/homeownership-costs-in-the-us-jumped-26-since-pandemic-began