Americans spent $1,434 per capita on home goods in 2023.
by Evan Comen
24/7 Wall Street
From sofas to smart TVs, Americans are dropping serious cash to outfit their homes — and the price tag depends heavily on where they live. Spending on furniture and home equipment has surged, and in some states, it’s become a major category of personal expenditure.
In 2023, Americans spent $616.6 billion on furnishings and durable housing equipment — anything from laptops to beds to washers to power tools — up 35.2% from 2018. Adjusted for population, Americans spent an average of $1,434 per capita on home goods in 2023. Per capita home goods spending varies widely across the country, ranging from just $1,068 in the lowest spending state to $1,767 in the highest. A closer look at the data reveals the states where people spend the most on home goods.