What is a reasonable grocery budget for a family of 5?
Table of Contents
What is a reasonable grocery budget for a family of 5?
Monthly Grocery Budget
| FAMILY SIZE | SUGGESTED MONTHLY BUDGET |
|---|---|
| 2 people | $553 |
| 3 people | $722 |
| 4 people | $892 |
| 5 people | $1,060 |
What is the average monthly expenses for a family of 5?
Average monthly expenses for a family of 5: $6,780, or $81,361 annually. Yes, we do note that a family of five has lower monthly expenses than a family of four, according to the BLS.
How much does it cost to feed a teenager per month?
On the USDA’s moderate-cost food plan, families spend about $310-320 per month feeding a teen son. The average monthly grocery costs for a teen daughter are $255. Compare that to the average $178 per month of less families would spend on a child 5 years or younger.
What is the average monthly expenses for a child?
Overall, the Economic Policy Institute pegs California’s average monthly child care cost at $1,412.
What is a typical family budget?
According to the U.S. Bureau of Labor Statistics, the average household budget is $63,036 per year, a 3\% increase from 2018. This includes all living expenses, from necessities like food, housing and transportation to other expenditures like apparel and education.
What is the yearly food cost for ages 15 17?
According to the USDA, the annual average cost to feed a 15- to 17-year-old was $2,790 in 2015. That is significantly higher than the cost to feed younger children, which was reported as 22\% higher than the annual cost of feeding children from the ages of 6 – 8. How can you reduce these costs?
What is a reasonable monthly food budget?
Nationally, the average annual cost of groceries for U.S. households is $4,643, according to 2019 figures from the Bureau of Labor Statistics. That puts the average monthly grocery bill at $387 a month. While that may sound about right for some households, for others it may be way off the mark.
What is the average cost for groceries for a family of 4?
The average cost of food per month for a family of 4 was the highest at $1,120.90. In the table below, we included the monthly food cost between April 2017 and April 2021. These figures are based on the USDA reports on a moderate-cost food budget for different types of consumers.
How much do parents spend on a child per year?
In its Expenditures on Children by Families report, the USDA puts the cost of raising a child from birth to age 18 at $233,610 for a middle-income family (married with two kids) — around $12,980 per year.