Consumers Report Spending More on Home-Related Goods Since Start of Pandemic
By Kelly Leighton | April 6, 2021 | 2 min. read
Did you find yourself spending more money on home-related goods in the last year ?
With the pandemic forcing most people to stay home longer over the past year, Cinch Home Services found that 52% of more than 1,000 respondents in a recent survey said they spent more on home-related goods in 2020 than in the previous year. People reported spending around $1,349 on average on home-related goods since the beginning of the pandemic, with men spending nearly $270 more than women.
People reported they were most likely to spend to improve home comfort (57%), while updating the home atmosphere (38%) and improving home organization (30%) were other popular reasons people were spending. It shouldn’t come as a surprise that the majority of people either ordered online or used curbside pickup to conduct these transactions.
Furniture was the most likely purchase, with 54% of respondents picking up a new sofa or setting up a home office, spending around $630 on average. Respondents were mostly buying new furniture for the living room (45%), bedroom (42%) or home office (38%). Appliances were another popular purchase, with nearly half of respondents purchasing something new for an average of $540. An air fryer (15%) was the most popular, followed by a microwave (15%) and a fan (15%).
Décor rounded out the top three, with 47% of respondents spending around $250 on it. Lighting (45%), candles (44%) and organizers (43%) were the most popular choices. Other popular purchases included home improvement tools and products and electronics.
Overall, the majority of people (95%) said they were happy with their pandemic home-related purchases, even if 27% said they went over their budget.
Topics
home improvement Coronavirus pandemicSubscribe To JustListed Daily Emails
You’ll be the first to know about real estate trends and various legal happenings. Stay up-to-date by subscribing to JustListed.
Member Discussion