![]() ![]() But here are the steps to figure out how much you should spend on groceries each month. (Keep in mind, these numbers don’t represent how much people are actually spending on groceries each month.)įamily of Four (With Two Children, Ages 6–8 and 9–11)Įveryone’s grocery budget is going to look different. These plans are based on current food prices and are broken down into four different budget levels: Thrifty, Low-cost, Moderate and Liberal. ![]() The USDA Food Plans and Cost of Food Reports give a rough estimate of what you could spend on groceries. Unfortunately, there’s no magic number for what each family should spend on groceries. How Much to Spend on Groceries Each Month So, let’s talk about how to set a monthly grocery budget that makes sense for you. 2 And that doesn’t even include how much people also spend eating out each month!īut depending on where you live, what grocery store you shop at, and what you put in your cart, you could spend more or less than the average grocery cost. In fact, Americans spent 1.3% more on food at home (aka groceries) in December 2023 than they did in December 2022. 1Īnd that number is likely to increase as overall food prices continue to go up. The average household grocery cost per month is $475-which totals to $5,703 a year. ![]() Income, family size, dietary restrictions and lifestyle all affect your monthly grocery budget. Exactly how much should you spend on groceries each month? When setting up your budget, it’s hard to know how much money to set aside for the essentials-like food. ![]()
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