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Friday | January 22 | 2021

Households in the EU have devoted almost a quarter of income to housing costs

In 2019, nearly a quarter (23.5%) of household consumption expenditure was devoted to ”Housing, water, electricity, gas and other fuels”, Eurostat reports.

This is the EU’s largest household expenditure item by far, ahead of ”Transport” (13.1%) and ”Food and non-alcoholic beverages” (13.0%), followed by ”Restaurants and hotels” as well as ”Recreation and culture” (both 8.7%).

The remaining household spending was distributed over ”Furnishings, household equipment and routine household maintenance” (5.5%), ”Clothing and footwear” (4.6%) and ”Health” (4.4%).

”Alcoholic beverages, tobacco and narcotics” stand at 4.0% of household consumption expenditure, ”Communications” account for 2.4%, ”Education” (0.9%) and ”Other” (11.2%).

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