Positive competition among neighbors can drive economic growth.

Do you have a good relationship with your neighbors? If you find that you’re not particularly close with most of the people in your neighborhood, you’re not alone. Many Americans share a sense of envy and competition with their neighbors.

When it comes to home improvements during the summer, are you making upgrades strictly for your own enjoyment? A recent study conducted by Wilsonart, a home goods manufacturer, found that one-third of home renovations are motivated by a desire to keep pace with friends, family, or neighbors. On average, individuals spend around $3500 on such improvements to stay competitive. While it’s common to seek approval or recognition from neighbors, the extent to which you go to outdo them matters. The study also revealed that 42% of participants admitted to engaging in a friendly rivalry with neighbors to have the best-looking house on the block.

Despite this ongoing friendly competition, most Americans generally have positive relationships with their neighbors. According to LendingTree, a significant 86% of homeowners consider their neighbors as friends. While it’s natural to be reserved and not interact with everyone in the neighborhood, the majority of Americans do have amicable connections with some neighbors. As per the same LendingTree report, 43% of homeowners are friends with all their neighbors, another 43% are friendly with at least some neighbors, and only 14% do not have any close relationships within the neighborhood. Interestingly, millennials tend to have the best rapport with their neighbors compared to other age groups.