While Detroit residents enjoy the lowest monthly bills among major U.S. cities, experts caution that the city's low income may not offset these savings.

Doxo released its 50 Largest U.S. Cities Household Spend Report 2024, revealing that Americans spend approximately $3.35 trillion annually on the top 10 most common household bills.

They analyzed costs in the 50 largest cities in the country using data from Doxo and the U.S. Census to determine the most and least expensive cities.

The key household bills categories examined for this year's ranking were:

• Mortgage
• Rent
• Auto loan
• The utilities include electric, gas, water & sewer, and waste & recycling.
• Auto insurance
• Health insurance
• Cable, internet
• Mobile phone
• Alarm and security
• Life insurance

According to Liz Powell, Senior Director of Insights at doxo, it's no surprise that San Jose, New York, and Boston are the priciest large cities, with housing being the biggest indicator of cost.

In Detroit, residents enjoy some of the lowest housing costs in the country, with an average rent of $988 and a mortgage payment of $993. This has contributed to the city's ranking as the least expensive city in the country, with residents paying an average of $1,640 for all expenses, 23% below the national average.

Despite being less expensive than cities like New York and Miami, Detroit is not affordable for the average person living there when they spend 53% of their household income on household bills, according to Powell.

"Detroit may seem affordable, but it's important to consider other factors such as earning potential when deciding where to move."

10 large U.S. cities where residents have the cheapest monthly bills

1. Detroit, Mich.
2. Cleveland, Ohio
3. Dayton, Ohio
4. El Paso, Texas
5. Rochester, N.Y.
6. Oklahoma City, Okla.
7. Albuquerque, N.M.
8. Memphis, Tenn.
9. Louisville, Ky.
10. Indianapolis, Ind.

Cleveland ranks as the second least expensive city for household bills, according to Powell, who sees it as yet another example of an affordable city where people still need to spend a considerable amount of money to live comfortably.

Cleveland residents spend an average of $1,735 per month on bills, which is 41% of their household income. This is higher than Detroit's median household income, but still seems like a lot to spend on bills, according to Powell.

Powell states that Cleveland residents pay less than the national average in all 10 bill categories.

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