![]() While the differences in spending are significant between different income brackets, it’s worth noting that the amount spent by the highest-earning households represents only a smaller portion of what they earn. This resulted in a total average spending of $12,245 on food. Households with the highest earnings spent 7% of their income on food in 2020. The cost of food per month for American households with incomes lower than $15,000 is around $358. Households with earnings from $100,000 to $149,000 typically allocate $9,900 a year, while families in the $70,000 to $99,000 group spend $7,500. Logically, households with a higher income spend more on food. Households earning around $200,000 spend $1,172 a year on food. Additionally, US households spent a monthly average of $53.33 on cereal and baked goods and $39.50 on dairy products that year. The average food expenses per month for this category is $81.42 per household. Fruits and vegetables are also popular choices. Out of the total expenditure for at-home meals, Americans spent the most on meat, fish, eggs, and poultry. In 2020, US households spent $89.58 per month on meat, fish, eggs, and poultry on average. Aside from the changes brought about by the pandemic, one of the reasons for this decline was a large annual increase in disposable income since 2000. As a matter of fact, the USDA found that in 2020, the share of disposable income spent on food has decreased by 10.1% from 2019, when the total spending on food comprised 9.6% of disposable income. The monthly food budget for Americans keeps getting lower. The share of disposable income spent on food decreased by 10.1% from 2019. Most experts believe that the COVID-19 pandemic has influenced food spending in the last couple of years. Still, the difference wasn’t as significant as it was in 2020. Throughout the years, Americans have been spending more money on food at home than at restaurants. The average US consumer spent about 8.6% of their disposable income on food in 2020. However, this could be attributed to the COVID-19 pandemic when the lockdowns inspired people to refine their cooking skills. Thus, while the average cost of food per month in the US has decreased, the spending on at-home meals has increased. In 2019, the yearly amount sat at $4,643, while in 2018, at-home meal spending reached $4,464. Out of the $7,316 spent on food that year, nearly $4,942 was spent on at-home meals. US households spent a monthly average of $411.83 on at-home meals in 2020. Additionally, the average monthly food spending in 2018 also surpassed the 2020 figure, with American households having monthly spending of $660.25 that year. This shows a decline from the previous year when American households spent a monthly average of $680.75 on meals. In 2020, the average US household food expenditure amounted to $609.7 per month. How Much Do People Spend on Food per Month? 1.
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