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Q: What percent of income do Americans spend on transportation?
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The percentage of income that an American will spend total on clothes per year depends on the person. People might spend less than 1 percent.


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Jeff has a net spendable income of 1450 per month. What is the maximum amount of money Jeff should plan to spend on his transportation budget?

A general guideline for transportation expenses is around 15-20% of net income. Based on Jeff's net spendable income of $1450, he should plan to spend around $217.5 to $290 per month on transportation.


What percent of income is spent on housing?

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Lindsey budgeted 18 percent of her monthly income of 1700 for utilities How much can she spend on utilities?

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If you spend 20 percent monthly on food 23 percent on rent and 42 percent on other expenses and save 360 per month what is the monthly income?

You spend 20 + 23 + 42 = 85 % You save 100-85 = 15% which is 360 So the monthly income = 100% = 100*360/15 = 2400


Joel earns 1500 per month If he spends 375 on rent each month what percent of his income does he spend on the rent?

He spends 25% of his income on rent.