As grocery prices continue to rise, supermarket trips are putting a strain on household budgets. We found that New York residents spend $7,074 on groceries.
The team at LendingTree analyzed data to uncover how food prices have shifted—particularly the growing gap between organic and conventional produce. They also identified how much Americans spend on groceries and the states where grocery bills are the highest. Here’s a quick look at the report:
- New York households spend $7,074 on groceries. This is 5.6% of their income just on groceries.
- Utah households have the biggest grocery bills in the country, spending an average of $11,884. Utah residents spend 10.1% of their income on groceries.
- Nationwide, the average U.S. household spends $8,167 annually on groceries—7.4% of income.
- When comparing organic versus conventional produce, we found that organic fruits and vegetables cost an average of 52.6% more than their conventional counterparts.
- Of the 68 organic items reviewed, 25% cost at least 75% more than their conventional versions, and half cost at least 50% more.
You can view the full study here: https://www.lendingtree.com/debt-consolidation/organic-vs-conventional-study/
With grocery prices climbing, filling our carts at the supermarket may be a new luxury.
