Here’s How Michigan’s Groceries Bills Compare To The National Average

If you've been to the grocery store lately, you've probably noticed that your bill is a bit higher than it used to be.

It's not just your imagination - food prices have indeed been on the rise in 2023.

According to the USDA, food prices In 2023 were predicted to increase by 5.8 percent.

That means that for every $100 you used to spend on groceries, you're now shelling out about $105.80.

This increase is even more noticeable when you dine out.

Food-away-from-home prices are predicted to increase by 7.1 percent

For example, a $20 meal at your favorite restaurant is now costing you around $21.40.

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Why Are Food Prices So High?

There are many factors at play. Global trade issues, and weather events, are just a few of the many things that can affect the food supply chain and, in turn, retail food prices.

Inflation also plays a significant role. When the general price levels of goods and services increase, it leads to a decrease in the purchasing power of a currency. This impacts production costs, consumer spending, and investment decisions

How Can You Strech Your Grocery Money?

While these rising costs can be a burden, there are ways to manage them.

Planning your meals in advance, shopping on a full stomach, and stocking up on your favorite items when they're on sale can help keep your grocery budget under control.

Michigan Food Costs

According to Apartmentlist.com, The average single Michigan resident spends around $3,423 annually on food, roughly $285.25 per month. For a family of two, with two working adults and two children, these costs nearly triple to $10,068 annually, approximately $839 per month.

But how does that compare to the rest of the country?