10 Things You Can't Afford With an Average Salary

When it comes to spending, the average American salary has no bounds.

According to the United States Census Bureau, the median household income in 2022 will be $74,580. 

This may generate enough money to pay the bills — and perhaps even afford a few indulgences — but spending too much can quickly add up and wreck your finances.

"Too many times, I have seen younger people who want to live close to a metro area overspend on their monthly rent," Dudley said in a statement.

Costly Apartment

"You can get caught up in trying to stay at a five-star hotel or a pricey resort because you want to live the life you see others living online," Dudley said in an interview. "Do not do that if you do not have the money."

Luxury Vacation

Driving a flashy new car may be enjoyable, but it is not a wise financial decision.

New Luxury Vehicle

“The biggest item which may not be realistic with an average income these days is a house, whether it be one’s first residence or an upsize from their current abode,” said Chris Diodato 


"Owning a private yacht or aircraft, even if it's a small one, can be incredibly expensive," Skyler Fernandes, founder of Finally Fund Admin, explained. "Maintenance, insurance, docking and fuel costs add up quickly."

Private Yachts and Aircraft

"Acquiring valuable art, rare collectibles or antiques can be an aspiration for many," said Fernandes. "However, these items often require a significant financial investment that may be beyond the means of those with average incomes."

High-Value Art and Collectible

You might have a taste for luxury, but that doesn’t mean you should satisfy your craving. 

Fine Dining and Gourmet Food

Belonging to a prestigious club might be fun, but it probably isn’t affordable. 

Elite Memberships and Club

Every parent wants the best for their children, but sending them to private school may not be a financially feasible option.

Private Education

Like many homeowners, you may wish to renovate your living space, but doing so isn't cheap. According to HomeGuide, the average cost of remodeling a house is $20,000 to $100,000.

Major Home Remodel

6 Adorable Small Garden Designs That Won't Break the Bank