According to the Yale Budget Lab and Tax Foundation, Trump tariffs will cost the average US household between $1,300 and $2,100 per year in 2026. The exact amount depends on your income level, spending habits, and which imported goods you buy most. Lower-income families pay a higher percentage of their income — up to 4-5% versus 1-2% for high earners.
- Yale Budget Lab estimate: $1,900/year for median household ($78K income)
- Tax Foundation estimate: $1,300–$2,100/year depending on spending mix
- Penn Wharton Budget Model: $1,700 average, up to $3,400 for heavy importers
- Lower-income families ($40K): 4–5% of income; higher-income ($150K+): 1–2%
- Total tariff revenue projected at $350–400 billion in 2026
| Household Income | Annual Tariff Cost | % of Income |
|---|---|---|
| $30,000 | $1,050–$1,350 | 3.5–4.5% |
| $50,000 | $1,200–$1,600 | 2.4–3.2% |
| $80,000 | $1,500–$2,000 | 1.9–2.5% |
| $120,000 | $1,800–$2,400 | 1.5–2.0% |
| $200,000+ | $2,200–$3,000 | 1.1–1.5% |