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The average cost of food per month for one person ranges from $150 to $300, depending on age.
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Read More »Ever wonder how much you should spend on groceries? The average cost of food per month for one person ranges from $150 to $300, depending on age. However, these national averages vary based on where you live and the quality of your food purchases. Here’s a monthly grocery budget for the average family. This is based on the national average and likely varies by location and shop. For instance, New York City grocers are going to be far more expensive than Kansas City shops. Additionally, organic grocery stores like Whole Foods are pricier than places like Walmart or Aldi. You’ll also want to consider dietary choices, like gluten-free or vegan diets. These can significantly affect your budget, so consider planning your grocery list online to compare prices and find your preferred alternatives. MONTHLY BUDGET 1 person $251 2 people $553 3 people $722 4 people $892 5 people $1,060 6 people $1,230 Finding a reasonable monthly grocery budget ensures you and your family have what you need, while not overspending. Look back at previous months using a budgeting app or credit card statements to see what you’ve spent at the grocery store. Decide if you want to maintain your current budget or cut back. Easily prioritize your spending with Mint Coach How you spend shapes how you save. A Mint financial coach will help you proactively sort today’s priorities and prepare for tomorrow. Go to Mint coach
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