Important Takeaways:
- How much do groceries cost in YOUR state? Fascinating study shows average US household spends $1,080 per month on their essentials – but costs vary by $304 across the country
- The average American household now spends $1,080 per month at the grocery store as two years of rampant inflation takes its toll on household budgets.
- But fresh analysis of US Census data shows shopping costs vary by as much as $304 per month state-by-state.
- The findings, from HelpAdvisor, show grocery spending is highest in California where the average household splashes out $297.72 per week – or around $1,190 per month.
- It was followed by Nevada, Mississippi and Washington where weekly spending amounts to $294.76, $290.64 and $287.67 respectively.
- By contrast, households in Wisconsin spend the least on groceries, with their weekly shop totaling $221.46 – or $885.84 per month.
- The cost of food-at-home specifically has risen 2.6 percent in the last 12 months.
- Recent research by Goldman Sachs suggested that rising prices was the driving factor behind the US population’s general pessimism about the economy.
Read the original article by clicking here.