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From Home Furnishing Business
Fast Fact: Large Urban Areas Had Top Furniture Expenditures in 2017
September 9,
2019 by Laurie Northington in Business Strategy, Industry
The majority of top-spending furniture consumers are high-earning married consumers, in their late 30s and early 40s with young children, living in urban areas.
According to data from the U.S. Bureau of Labor Statistics’ 2017 Consumer Expenditure Survey, bigger cities, but not the largest urban areas, with populations between 2.5 million and 5 million – had the highest annual furniture expenditures at $669 in 2017.
Although the larger, densely populated areas spend more per household, the greatest share of total furniture purchases (21%) are from households living in mid-sized urban areas with a population of 250,000 to 999,999.
For a closer look at the numbers, click here.