(NEXSTAR) – Thanksgiving is true across the nook. Quickly households will collect to feast on turkey, stuffing, mashed potatoes and extra. However, it’ll include a fairly hefty price ticket.
On Wednesday, the American Farm Bureau Federation (AFBF) reported a traditional Thanksgiving feast for 10 is $64.05 this 12 months, up 20% over final 12 months’s common of $53.31. That is the best common price of a Thanksgiving dinner within the AFBF’s 37 years of conducting this survey.
Partially driving that’s, in fact, the turkey. The feast’s point of interest prices roughly 21% greater than final 12 months, with the Farm Bureau’s “volunteer customers” discovering the typical worth for a 16-pound fowl being $28.96, or $1.81 per pound.
That might not be the value you see, although. The Farm Bureau’s volunteer customers recorded costs through the closing two weeks of October. Since then, knowledge from the USDA Agricultural Advertising Service present turkey costs have dropped to $0.95 per pound over the past month.
To calculate its general Thanksgiving meal prices, AFBF reviewed the prices of 12 gadgets: the turkey, pumpkin pie combine, a gallon of entire milk, a veggie tray with carrots and celery, 12 rolls, two pie shells, inexperienced peas, contemporary cranberries, whipping cream, candy potatoes, cubed stuffing, and miscellaneous components wanted to arrange the meal. Three extra gadgets had been calculated individually: ham, russet potatoes, and inexperienced beans.
Aside from cranberries (down 14%), the value of each merchandise is up between 8% and 69% in comparison with final 12 months. Turkeys are practically $5 dearer than they had been final 12 months, and cubed stuffing is up greater than $1.50. Total, gadgets aside from the turkey are lower than $5 every. You may see a full breakdown of merchandise prices right here.
The place you reside may even possible have an effect on how a lot you spend to your Thanksgiving feast. Regionally, the AFBF discovered its meal for 10 can be the most cost effective within the South ($58.42) and most costly within the West ($71.37). Throughout states within the Northeast and Midwest, meal prices are roughly common – $64.02 and $64.26, respectively.
Residents of main metro areas are additionally confronted with increased Thanksgiving grocery payments than smaller and mid-size cities, in keeping with evaluation by MoneyGeek. They discovered the price of a full vacation meal in Boston is about twice as a lot as in Kalamazoo, Michigan.
There are just a few metro areas included within the knowledge set the place you’ll be able to put together a full unfold for lower than $100, and lots of of them are in Texas.
The cities with the most costly Thanksgiving meals this 12 months, in keeping with MoneyGeek, are:
|Rank||Metro space||Avg. meal price|
|2||City Honolulu, HI||$164|
|3||New York-Jersey Metropolis-White Plains, NY-NJ||$161|
|6||San Francisco-Oakland-Berkeley, CA||$152|
|7||Miami-Fort Lauderdale-Pompano Seaside, FL||$146|
|10||Colorado Springs, CO||$140|
|13||Newark NJ-PA Metro Div.||$135|
|15||New Haven-Milford, CT||$135|
The metro areas with the most cost effective price of a Thanksgiving feast are:
|Rank||Metro space||Avg. meal price|
|3||Oklahoma Metropolis, OK||$97|
|7||Kansas Metropolis, MO-KS||$102|
|10||Corpus Christi, TX||$103|
|11||South Bend-Mishawaka, IN-MI||$103|
|13||Inexperienced Bay, WI||$104|
MoneyGeek’s calculation of meal price included a 10-pound turkey, mashed potatoes, cranberry sauce, peas, corn, stuffing, pumpkin pie, drinks and some extra cooking staples.
Larger costs on Thanksgiving menu gadgets are as a result of a number of components like inflation, the struggle in Ukraine, provide chain challenges, and, for turkeys, a nationwide outbreak of avian influenza.