How to Calculate Monthly Average from Daily Data in Excel: 5 Easy Ways

Method 1 – Calculate Monthly Average from Daily Data with SUM Function in Excel

STEPS:

Input the name of the month first.
Select the range E4:E9.
Type the first day of each month respectively in each cell.
See the picture below to understand better.

Calculate Monthly Average from Daily Data with SUM Function in Excel

Select the range again and press the Ctrl and 1 keys together.
The Format Cells dialog box will pop out.
Under the Number tab, choose Category > Custom and Type > mmmm.
Press OK.

It’ll return the accurate name of the months.

Select cell F4.
Type the formula:

=SUM(C5:C8)/4

Press Enter.
You’ll get the average net sales for January.
We divide it by 4 as January month has 4 inputs.

Apply AutoFill as the data inputs don’t maintain a pattern.
Type the formulas manually.
See the formula in F9 for June is:

=SUM(C18:C20)/3

Get the monthly average from daily data.

Method 2 – Insert AVERAGE Function for Computing Daily Data Average by Month

STEPS:

Choose cell F4.
Input the formula:

=AVERAGE(C5:C8)

Click Enter.
It’ll return the average of January.
Use AutoFill here.
Select the average range by checking the date inputs per month.

Insert AVERAGE Function for Computing Daily Data Average by Month

Method 3 – Use AVERAGEIF Function to Determine Monthly Average in Excel.

STEPS:

Click cell E4.
Insert the formula:

=MONTH(B5:B20)

Hit Enter.
Spill the monthly numbers.
Look at the figure below.

Use AVERAGEIF Function to Determine Monthly Average in Excel

You will need the unique month numbers instead of a single month appearing multiple times.
The UNIQUE function gives out distinct cell values from a range.
Select cell F5.
Type the formula:

=UNIQUE(E4:E19)

Spill the distinct month numbers.

Choose cell C22.
Input the formula:

=AVERAGEIF($E$4:$E$19,F5,$C$5:$C$20)

$E$4:$E$19 is the criteria range, F5 is the desired condition, and $C$5:$C$20 is the sales range from where we’ll find the average.
Press Enter.
Use AutoFill to get other outputs.
Obtain the monthly average values from daily data.

monthly average of daily data from AVERAGEIF function

Method 4 – Get Daily Data Average by Month Through AVERAGEIFS Function

STEPS:

Select cell F4.
Type the formula:

=AVERAGEIFS($C$5:$C$20,$B$5:$B$20,">="&E4,$B$5:$B$20,"<="&EOMONTH(E4,0))

Press Enter.
Apply AutoFill.
Get the monthly average values.

Get Daily Data Average by Month Through AVERAGEIFS Function

NOTE: $C$5:$C$20 is the average range. The condition range is $B$5:$B$20 for both cases. “>=”&E4 is the first condition. It looks for values that are greater than the first day of January. The second condition is “<=”&EOMONTH(E4,0), which looks for data lower than the last day of January.