How much does the average couple spend on food in a month?
How much is the average grocery bill for two? The average couple spends an average of $625 per month on groceries. This totals $7,500 per year. These figures are according to the USDA's moderate-cost plan.
Young adults' average weekly food spending is $173, more than what older Americans say they spend. Those with incomes of $75,000 or more per year are averaging $180 per week, compared with $144 for those with incomes of $30,000 to $74,999, and $127 for the lowest income group.
- According to the most recent data from the U.S. Bureau of Labor Statistics, in 2013 the average American household spent about 10% of its total budget on food. The average food cost for a U.S. household was $6,602 in 2013. That's roughly $2,641 annually per person (based on the average 2.5 people in each household).
- The average American spends $232 per month eating meals prepared outside the home. Given that there's 18.2 meals eaten outside the home in an average month by the average American, the average meal outside the home costs a person $12.75. Again, that's reasonable.
- A profitable restaurant typically generates a 28%-35% food cost. Coupled with labor costs, these expenses consume 50%-75% of total sales. Because of the impact food cost makes on an operation, food cost is one of the first things we examine at a troubled property.
That makes your food budget 11% of your overall income. If you use this method, budget 6% for groceries each month and 5% for dining out. If your take-home income is $3,000 a month, you will budget around $180 for groceries and $150 for dining out.
- Groceries WILL cost more in tourist locations. For a very basic vacation food budget calculate $60 per adult and $45 per child under 10 PER DAY. More Travel Math - Beverages you'll need to figure $35-$50 per day on average per adult.
- Overall, Americans spend 9-12% of our income on food (this is actually less than any other country spends, as a percentage of income). Whether or not this is how much we should be spending on food is debatable, but at least one source (CNBC) recommends budgeting 14% of your monthly take home income to food.
- “While double play Internet and television packages have promotions for as low as $35 per month, and triple plays (adding phone service) as low as $45 per month, most subscribers are paying much more – the average for Internet and television is $132 per month, and the average spend on three services is $165 per month,”
I tend to spend $150-$200 dollars a month on groceries, and that's basically eating at home for all meals. I am a 20 year old college student and I cook food, often pack leftovers for lunch, and eat small breakfasts.
- I tend to spend $150-$200 dollars a month on groceries, and that's basically eating at home for all meals. I am a 20 year old college student and I cook food, often pack leftovers for lunch, and eat small breakfasts.
- According to the College Board, the average cost of tuition and fees for the 2017–2018 school year was $34,740 at private colleges, $9,970 for state residents at public colleges, and $25,620 for out-of-state residents attending public universities.
- According to the College Board, the average cost of books and supplies for an American college student enrolled in an undergraduate program at a four-year public college was $1,200 as of 2016.
Updated: 26th November 2019