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Household budget food percentage4/10/2024 This assumes a family of five consists of one man and woman between the ages of 19-50 years old and three children ranging in age from 4 to 11. The average cost of food for a family of five ranges from $1140.40 to $1797.00 per month. The average grocery bill for a family of five is $344.70. Average Grocery Bill for a Family of 5 in 2022 Based on the USDA’s data, an average grocery budget for a family of four would be $1289.50 in 2022. A family with two children between the ages of 6-8 and 9-11 will pay between $1029.00 and $1550.00 in 2022 per month for food. If you have older kids expect to pay more. That includes a family consisting of one man and one woman between the ages of 19-50 years old and two children between the ages of 4-5 and 6-8 years old. The average cost of food for a family of four ranges from $876.10 to $1339.00 per month. The average grocery bill for a family of four in 2022 is $268.80. Average Grocery Bill for a Family of 4 in 2022 Based on the USDA’s data, an average grocery budget for a family of three would be $883.00 in 2022. This assumes the family includes one man and one woman between the ages of 19-50 years old and one child between the ages of 4-5 years old. The average cost of food for a family of three is $712.00 to $1091.40 per month. The average grocery bill for a family of three in 2022 is $203.70. Average Grocery Bill for a Family of 3 in 2022 The average grocery bill for a family of two is $156.30. A couple between the ages of 51-70 years spends slightly less. The average cost of groceries for two people between the ages of 19 and 50 is $546.10 to $843.00. Average Cost of Groceries Per Month for 2 in 2022 How much should a single person spend on groceries? The average cost of food per month for one person is $250 – $450 and a realistic food budget for one ranges from $200 to $450 per month. According to the USDA, the average grocery bill for one falls somewhere between $67.50 to $103.20. Let’s start with the average grocery bill for one person. Let’s break those numbers down more specifically. The average grocery budget for a family of four is roughly $1200. An average grocery budget in 2022 for one person is roughly $370. Thanks to the USDA we can figure out exactly how much the average family spends. How much should you spend on groceries per month? That depends on how many people are in your household. How Much Should You Spend on Groceries Per Month? As you can see, the figures are based on the age and gender of family members whom you feed. The chart below shows the average amount of money spent on food per person each month. The USDA’s food plans represent a healthy diet at three different price levels: Low-cost, Moderate-cost, and Liberal. Here is the average cost of food per month based on family size in 2022: How Much Should I Spend on Food Each Month? Here is the average weekly grocery bill based on family size in 2022: Department of Agriculture answered this question for me. How much should I spend on groceries? Well, It just so happens that the U.S. With the rising cost of food expenses, food budgets will continue to grow well beyond that amount. If you earn $60,000 a year, a realistic food budget would total $4,500. Which means, a realistic budget for groceries is only 7.5% of your income. Remember, that half of that amount is often spent on dining out. That includes 5.2% on dining out and the remaining 5.1% on groceries consumed at home.įinancial 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. As I stare at my grocery receipts I can’t help but wonder, “Am I spending too much on groceries?” How Much Should I Budget for Groceries?Īccording to the United States Department of Agriculture, (USDA), the average family spends 10.3% of their income on food. The average cost of groceries is rising 10% per month. The next week I paid $50 more for similar items. One week I spent $150 for a week’s worth of basic groceries. We don’t prepare the same snacks and meals every day, so our out of pocket costs are rarely similar.Ĭan I blame rising food prices or inflation for my growing grocery bills? At one point, beef and veal prices spiked 20.2%, eggs 10.4%, and poultry 8.6%. Unlike housing and transportation costs, our food bills are variable. How much should I spend on groceries? Each time I buy food the total seems to grow.
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