San Francisco, CA -- (SBWIRE) -- 11/05/2014 -- Recently, BestHomeSecurityCompanys.com (BHSC) reached out to over 1,000 consumers who were interested in purchasing a home security system to see how much they were willing to spend on monthly monitoring costs.

The survey did not take into consideration equipment, installation, or activation fees. Consumers were only asked what the maximum amount they were willing to spend on monthly monitoring.

“We narrowed down this particular study because we were interested in seeing how much consumers were willing to spend in comparison to how much the majority of companies are charging for home security monitoring,” Carlie McKeon, BHSC PR Director, said.

Demographics and income levels were chosen at random. Each consumer was asked, “When purchasing a home security system, what is the maximum amount you are willing to spend on monthly monitoring?”

Results of the study were as follows:

1. $1-$19 – 39.2%
2. $20-$29 – 23.4%
3. $30-$39 – 15.9%
4. $40-$49 – 11.5%
5. $50 and above – 10.0%

The overwhelming majority stated that they would spend less than $20 as a maximum for home security monthly monitoring services, while only $21.5 percent said they would be willing to spend more than $40.

“The results were interesting to us because over 50 percent of consumers said they would only spend less than $30, yet the majority of home security companies are charging more than that,” McKeon explained. “This survey further demonstrates that if monitoring companies would charge less for their services, there would be many more consumers willing to purchase a home security system.”

There are companies that charge less than $20 for monthly monitoring, but there are few in comparison to how many charge $30+.

To view company profiles and see real user reviews, visit BHSC.

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