No more roommates, no noisy neighbors, and after a busy day, you know exactly what you’re coming home to—for most people, living alone sounds like a dream come true. But the harsh reality is that it can be expensive, and unless you’re earning a pretty penny, it can be tough to make ends meet.
According to a 2022 report, the median rent for a one-bedroom apartment in the U.S. is $1,129. If you want to live in a major city like New York or San Francisco, you can expect to pay upwards of $3,000+ per month.
In addition to rent, you’ll also have to factor in the cost of utilities, groceries, and other essentials. The average American spends about $370.16 per month on utilities, which can jump to $400 or more if you live in a large home or have a high-end lifestyle. Also, groceries can cost anywhere from $268 to $453 per month, depending on your diet and eating habits.
If you’re not careful, the costs of living alone can quickly spiral out of control. But don’t let that scare you away from taking the plunge! With a bit of planning and some creative thinking, you can make living alone work for you—without breaking the bank.