Housing expenses refer to the costs associated with living in a home. This includes rent or mortgage payments, property taxes, and homeowners insurance. Additionally, utilities such as electricity, water, and gas are also considered part of housing expenses, as they are necessary for maintaining a comfortable living environment. Other costs may include maintenance and repair fees, homeowners association (HOA) dues, and any necessary renovations. Understanding these expenses is crucial for budgeting and financial planning, ensuring that individuals can afford their housing without compromising other essential needs.