Keep reading to find out the average cost of rent in every state. In most states, however, assuming that people will share a multi-bedroom home, it may be cheaper to rent a three- or four-bedroom home. In states like Alabama, Texas and West Virginia, it’s still somewhat affordable to rent a single-person studio. We looked at several types of units: studios, one-bedroom, two-bedroom, three-bedroom and four-bedroom units, and an “overall” figure. To find the average cost of rent in every state, GOBankingRates used Apartment List’s monthly rent estimate data, which uses data from the Census Bureau and extrapolates median rent data forward to the current month using a growth rate calculated from their listing data. See: What You Can Rent on a Minimum-Wage Salary in Every Stateįind Out: Great Places To Retire Where Rent Is Under $1,000 a Month In many cases, rents have dropped, as landlords attempt to appeal to renters whose incomes have also been impacted, though housing values have continued to rise. This alone can save Americans hundreds of dollars on their monthly grocery bill.The pandemic has had a dramatic effect on almost every aspect of the U.S. When in doubt, it’s important to budget your groceries and plan meals according to that budget. In particular, groceries in New Hampshire are an average of $183, with Virginia, Nevada, Texas, South Dakota, Arkansas, Utah, Idaho, and Kansas all being under $300 on average. Luckily, there are still some states in the US where you can get a good deal at the supermarket. While some of these states (e.g., Hawaii and Alaska) are heavily reliant on imports, others are expensive for a variety of other reasons. To put that in perspective, a family of four that only eats at home for dinner would spend just under $500 per month, compared to $1,600 eating out every night.Īdditionally, eating at home also comes with the general benefit of better nutrition, which can save you a lot in the long run.Įver since the 2020 pandemic began to impact the global supply chain, employment, and other major factors that contribute to inflation and food security, we’ve seen a drastic increase in overall food prices.Īs of 2023, Americans can expect to spend $556+ per person on groceries in Hawaii and over $400 per person in the rest of the top ten most expensive states. For example, the average cost of a meal made with groceries at home is only $4 per person, compared to a whopping $13 per person at a restaurant. Yes, buying groceries is generally cheaper than eating out. Is buying groceries cheaper than eating out? Grow your own garden vegetables and herbs Stick to your grocery list and don’t buy extrasĮat your leftovers instead of making new mealsīuy in bulk for cheaper, wholesale pricesĬreate your own sauces and spice mixes at home Use supermarket websites to compare the prices of different storesĬreate a weekly meal plan so you only buy what you need Here are those big secrets to saving money:īuy from discount grocery stores (e.g., Aldi or Trader Joes) There are at least ten ways you can cut your grocery bill significantly. On a weekly basis, making approximately $1,000 would mean that your weekly grocery trip should cost no more than $100-$150 using this metric. The monthly budget for groceries sits at 7.3 and is approximately 372. Average monthly rent (GoBankingRates) Value of 100. The health care monthly budget is 414 and approximately 8.1 of income. This includes home-cooked meals and restaurants. Businesses that don’t put in the time to research all possible expenses may find themselves dipping into negative cash flow territory. For example, if you made an average of $200 per day, you’d want to spend no more than $20-$30 on food that day. Of course, these numbers will also depend on your state and city of residence, as a household in Hawaii can expect to spend far more than one in Idaho.Ī good daily food budget is no more than 10%-15% of take-home pay. And broken up into weekly costs, here is what the average two-person household might expect to spend: The average moderate cost between these two figures is around $655 per month. The average two-person household can expect to spend between $510-$820 per month on groceries. How much should a two-person household spend on groceries? Want to learn more? Well here is a detailed list of average costs in the most expensive states: This same logic can also be applied to Alaska. This might not be surprising, given that Hawaii needs to import most of the foods you’d find in an American supermarket from a pretty long distance. The state with the most expensive groceries in the US is Hawaii. Most Expensive | Cheapest The Top 10 States With The Most Expensive Groceries Average monthly cost of groceries per personįor further analysis, we broke down the data in the following ways:
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