Savings rate benchmarks in United States — are you on track?
Based on BLS Consumer Expenditure Survey 2023, here is what people at each income level in United States typically save — and how your city affects that benchmark.
Expected savings rate by income — United States
| Income range | Expected savings rate |
|---|---|
| $30,000 – $40,000 | 3% |
| $40,000 – $55,000 | 7% |
| $55,000 – $75,000 | 12% |
| $75,000 – $100,000 | 20% |
| $100,000 – $140,000 | 26% |
| $140,000 – $200,000 | 33% |
| $200,000+ | 39% |
Source: BLS Consumer Expenditure Survey 2023. Rates represent gross income saved before tax. Coverage varies by income band.
Check your savings rate — pre-set for United States
Cities in United States
Select a city to see how local rent and costs affect your savings benchmark.
New York
very high cost city
Median rent
$3,500/mo
San Francisco
very high cost city
Median rent
$3,200/mo
Los Angeles
very high cost city
Median rent
$2,400/mo
Chicago
high cost city
Median rent
$1,800/mo
Austin
high cost city
Median rent
$1,900/mo
Seattle
very high cost city
Median rent
$2,200/mo
Miami
high cost city
Median rent
$2,200/mo
Boston
very high cost city
Median rent
$2,800/mo
Denver
high cost city
Median rent
$1,800/mo
Atlanta
moderate cost city
Median rent
$1,500/mo
Washington DC
very high cost city
Median rent
$2,600/mo
Philadelphia
high cost city
Median rent
$1,700/mo
Houston
moderate cost city
Median rent
$1,400/mo
Dallas
high cost city
Median rent
$1,600/mo
Phoenix
high cost city
Median rent
$1,600/mo
San Diego
very high cost city
Median rent
$2,800/mo
Nashville
high cost city
Median rent
$1,800/mo
Portland
high cost city
Median rent
$1,800/mo
Minneapolis
moderate cost city
Median rent
$1,400/mo
Las Vegas
high cost city
Median rent
$1,600/mo
Browse by income bracket
See savings benchmarks for a specific income level across United States's major cities.