The easiest way to calculate your food costs is to either track your grocery and restaurant receipts for a few months to find an average.
Grocery budget single person how to#
How to Calculate Your Monthly Food Budget These studies don’t account for respondent location, which is also a factor in food costs.įor example, states that require further food shipping (like Alaska and Hawaii) and those that are heavily populated (like New York and California) tend to have higher grocery costs than other states. The USDA and BLS both consider several factors in their monthly food cost estimates.Ĭommon cost factors in food budgets include:
Cost Factors That Impact Monthly Food Budgets Note that the USDA’s estimates assume that you cook all meals at home, and the lower-end estimate assumes the person has little time and/or few kitchen resources to prepare meals.Īdditional data from the BLS Consumer Expenditure Survey considers food eaten away from or at home, estimating an average cost for one adult to be about $312 per month in groceries and $184 per month outside of the home ($496 total). Average Cost of Food per Month for One PersonĪt the time of writing, the USDA estimates that the average cost of food for one adult (male or female) each month is between about $250 and $450, with an average of about $334. Below, we explain the monthly cost of food based on government data and tell you how to create a monthly grocery budget. The average cost of food per month for one person is about $334 to $496, depending on how often you cook your meals at home.
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