Study shows Americans spending over $1,000 dollars per month on basic needs

Grocery-spending-by-state

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.

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