How Much Should A Meal Cost Per Person At Home

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How Much Should A Meal Cost Per Person At Home Personal Finance Money Home How Much Should I Spend on Groceries It s a good question to ask Food really eats up a lot of the monthly budget By Geoff Williams Edited by Barri Segal

Financial experts recommend budgeting 10 15 of your income on food so if you earn 60 000 a year you want to budget 6 000 to 9 000 for home cooked meals Remember that half of that amount is often spent on dining out Which means a realistic budget for groceries is only 7 5 of your income Spend 50 a week on restaurant food and in total you re spending 2 600 per year already climbing near the national average This cash adds up to a high percentage of American s annual food budget Why is dining out so expensive

How Much Should A Meal Cost Per Person At Home

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USDA Food Plans Cost of Food report for OCTOBER 2007 USDA Food Plans Cost of Food report for SEPTEMBER 2007 USDA Food Plans Cost of Food report for AUGUST 2007 Official USDA Alaska and Hawaii Thrifty Food Plans Cost of Food at Home 1st half 2007 26 31 KB USDA Food Plans Cost of Food report for JULY 2007 Well it depends Income family size dietary restrictions and lifestyle all affect your monthly grocery budget Average Cost of Groceries Per Month The average household grocery cost per month is 475 which totals to 5 703 a year 1 And that number is likely to increase as overall food prices continue to go up

According to 2022 data from the USDA a moderate cost plan for a grocery budget for one person can range between 76 92 and 96 72 per week or between 333 48 and 418 80 per month These totals range based on gender and age and don t take into account factors including grocery source meals eaten out per week and dietary restrictions With this plan an individual aged 20 50 will spend 241 40 309 90 per month on groceries A family of four will spend about 970 50 monthly Low cost plan This plan represents food costs for the second lowest quartile of food spending On this plan an individual aged 19 50 will spend 249 60 296 60 per month

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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 cost of food per month for the typical American household is about 550 First we ll show the breakdown of the budget for food prepared or consumed at home and then the The average cost of groceries in America in 2023 is 415 53 a month per person 1 However this number can vary greatly depending on factors like age and personal eating habits Location is another important though potentially surprising factor in determining food costs Groceries cost more in some US cities and states than others

Assuming that 3 of the members of this family are children 2 are adults and you earn 1 500 your groceries should cost 187 50 Here is how we calculate this Use the following formula Total grocery cost taxable earnings 4 100 number of adults taxable earnings 1 5 100 number of children Bag of frozen veggies 2 3 1 pound of meat chicken cut up in small pinky fingernail sized cubes 5 10 depending on cut and quantity About 6 to cook overall If it lasted me 3 days that was about 2 a day or 1 per meal Cook Rice Add tomato paste and veggies to rice Cook meat chicken

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How Much Should A Meal Cost Per Person At Home - Eating Smart Cooking Tips Cooking at Home vs Getting Food Delivered Case Study Some days preparing a home cooked meal can feel like a chore compared to ordering in or using a meal kit And if you re like me you don t like doing extra work unless you know it s worth it August 31 2023 Real Plans Guest post by Kyle of Ultimate Bundles