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14/03/2012
Cost Of Housing Now Biggest Expenditure
The cost of housing has replaced the cost of food as the biggest household expense.
The average cost of housing has risen to €147.73 per week, compared with €94.57 per week in 2004/05.
During the same period spending on food fell from €142 per week to €131.28.
The findings come as part of the latest survey by the Central Statistics Office, which carries out a household expenditure survey evey five years.
Since 1980 food as a share of weekly spending has fallen from 27.7% to 16.2%, while spending on housing has risen from 7.2% to 18.2% today.
Average weekly spending has risen 3% since the 2004/05 survey, going from €787.07 then to €810.61 in 2009/10.
Average household income now stands at €1,027.77 per week, up 4% from the 2004/05 survey.
(H)
The average cost of housing has risen to €147.73 per week, compared with €94.57 per week in 2004/05.
During the same period spending on food fell from €142 per week to €131.28.
The findings come as part of the latest survey by the Central Statistics Office, which carries out a household expenditure survey evey five years.
Since 1980 food as a share of weekly spending has fallen from 27.7% to 16.2%, while spending on housing has risen from 7.2% to 18.2% today.
Average weekly spending has risen 3% since the 2004/05 survey, going from €787.07 then to €810.61 in 2009/10.
Average household income now stands at €1,027.77 per week, up 4% from the 2004/05 survey.
(H)
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