Here’s a sobering statistic: Home owners spend a larger percentage of their incomes on energy costs than on property taxes or insurance.
That’s right. According to the U.S. Department of Energy, we spend 7.1 percent of our net incomes on energy vs. 4.8 percent on property taxes and 4.2 percent on homeowners insurance. Folks who earn less than $15,000 annually pay more than 15 percent of their energies for energy. Yet what do we complain about more? And which ones do we take into account when we apply for – or take an application for – a mortgage?