Places Where People Spend the Most on Food – 2019 Edition
From Smart Asset, June 19, 2019
When buying nourishing food, it’s also important to sustain healthy budgeting and savings habits. Of course, how much you’ll spend on what you eat depends largely on where you live. Food has varying costs in different markets based on a lot of different factors, including the cost of shipping food to that location, the overall cost of living and the local economy. Knowing how much food costs in your area is key to determining your budget and how much you put in your savings account, as you have to balance the cost of food with other costs like housing, transportation and leisure activities, all while making sure not to spend above your means.
Below, SmartAsset figured out where people spend the highest percentage of their total income on food. We analyzed data for 22 metro areas across two metrics: average food spending and average household income. For further details about our data sources and how we put it all together to create our final rankings, see the Data & Methodology section below.
3. Honolulu, HI
Food often has to be transported to the Hawaiian Islands, so it makes sense that Hawaii’s capital of Honolulu would have high food costs. The average household there spends about $10,036 a year, the second-highest raw total on this list, which translates to 10.71% of its income. The delicious poke may be worth the extra cost, but it’s important for saving-conscious residents of Hawaii to keep their cost-of-living in check.
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HNN: The average Hawaii household forks over more than $10,000 a year for food
PBN: Honolulu's grocery bill 3rd highest among 22 cities