One of the greatest discussions about cord cutting is how much money can you save by cutting the cord on cable TV. Thanks to our new survey of more than 1,000 cord cutters we can get a good idea of just how much cord cutters really do spend.
According to our readers, more than 66% of cord cutters spend $50 or less on services each month. Only 23.5% of our readers pay $51 or more each month.
Here is a full breakdown of how much our readers spend of TV content each month.
- 5.7% spend $0 to $10 a month.
- 10.1% spend $11 to $20 a month.
- 12.5% spend $21 to $30 a month.
- 19.9% spend $31 to $40 a month.
- 23.9% spend $41 to $50 a month.
- 23.5% spend $51 or more a month.
4.5% declined to answer or said they don’t pay anything for video services. (This group was not included in the 66% of cord cutters who pay less than $51 a month.)
So, with services like YouTube TV, Hulu + Live TV, and Fubo costing more than $70 a month, how are cord cutters only paying $50 or less? The truth is most cord cutters do not use a live TV streaming service.
According to a report from the Leichtman Research Group, almost 7 million Americans became cord cutters in 2023 but only 1,894,000 new people subscribed to a live TV streaming service like YouTube TV.
Increasingly the average cord cutter is deciding that on-demand services like Disney+ Paramount+ HBO Max, are all they need. This is helping Americans keep their costs of TV below $50 a month when most of these services offer options for under $10 a month.
The question now is will new price hikes on streaming cause cord cutters to cut back even farther.
Please follow us on Facebook and X for more news, tips, and reviews. Need cord cutting tech support? Join our Cord Cutting Tech Support Facebook Group for help.