Asked by: Mariem Brunnhuberpersonal finance credit cards
What is an average monthly food budget?
Last Updated: 25th June, 2020
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Hereof, how much does an average person spend on food per month?
Average Cost of Food Per Month Will Scare You. Americans spend more than 6% of their annual income on food every year. For one person to eat on a "moderate" budget, it costs $3,000 per year, or almost $250 per month. It costs a family of four between $712 and $1,106 per month for groceries.
Furthermore, how much money should 2 people spend on food a month? 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.
Regarding this, what is a reasonable monthly food budget?
According to the U.S. Department of Agriculture, Americans spend, on average, around 6% of their budget on food. 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.
How much does the average American spend on food a month?
The average American household is 2.58 people, thus the average American person spends $2,792 per year on food, or $233 per month, or $54 per week, or $7.64 per day on food.