2024 Thanksgiving Meal Cost: Grocery Taxes and Your Food Budget
Some families are navigating high food prices influencing what’s on the table this Thanksgiving.
For many in the United States, Thanksgiving is celebrated with family gatherings and festive meals. However, due to grocery taxes and inflation, the cost of preparing a Thanksgiving dinner can vary significantly from state to state.
So, how much will the average Thanksgiving dinner cost this year, and which states have the highest and lowest prices for Turkey and other staples? Read on.
Typical costs of a Thanksgiving meal
The American Farm Bureau Federation's annual Thanksgiving dinner report reveals a welcome decrease in the cost of a traditional holiday feast for ten people in 2024.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
- This year's classic meal, including turkey and all the trimmings, is, on average, priced at $58.08, or about $5.80 per person.
- That represents a 5% reduction from last year.
The turkey, the centerpiece of many Thanksgiving tables, has contributed to lowering the overall cost of the meal. A 16-pound turkey now averages $25.67, or $1.60 per pound, 6% less than last year.
Despite these decreases, it's important to note that the cost of a Thanksgiving dinner is still 19% higher than pre-pandemic levels in 2019.
Places with the most expensive Thanksgiving dinner
So, who pays the most for this cherished holiday meal? The Farm Bureau Federation's survey also provides regional cost averages, with a regional breakdown for ten people.
The South has the lowest Thanksgiving dinner cost for 2024 at $56.81.
The Farm Bureau includes the following states as the South: Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia, and West Virginia.
The Northeast isn’t far behind, with a cost per ten people of $57.36.
On the other hand, the highest Thanksgiving dinner costs are in the Western United States at $67.81 per ten people.
For purposes of the AFBF report, the West includes Arizona, California, Colorado, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, and Wyoming.
Meanwhile, the Midwest is the second most expensive area for a Thanksgiving meal at $58.90, with ten people around the table.
Grocery taxes
Of course, grocery taxes also impact the overall cost of food.
Most states exempt food purchases from sales tax (don’t tax groceries). However, states like Arkansas and Mississippi have some of the highest grocery taxes, which can reach over 6%.
On the other hand, states like Delaware, Montana, and New Hampshire already don't impose a grocery tax and others have taken steps to eliminate so-called "food taxes."
- For example, as Kiplinger reported, Oklahoma ended its state sales tax on groceries in August.
- Illinois plans to eliminate its state grocery tax in 2026.
Keep in mind that while some states don't impose a state-level sales tax on groceries, they may allow local tax on qualifying food items. For more information, see Kiplinger’s report: Food Tax: Which States Still Tax Groceries?
Why are food prices so high right now?
Inflation has also contributed to rising food prices across the country. For instance, in the last five years, prices have increased by about 4.2% per year, with food prices rising even more sharply at 4.8% per year.
The Bureau of Labor Statistics reports that food inflation surged 23.5% between February 2020 and May 2023 during and following the pandemic. That made staples like turkey more expensive.
According to the AFBF report, staples that experienced price hikes include cranberries, which increased nearly 12% in 2023, and dinner rolls and cubed stuffing, which rose by about 8% last year.
- These increases are often attributed to higher labor costs and supply chain disruptions beginning during the pandemic.
- For 2024, cranberries decreased in price compared to the previous year.
- A 12-ounce bag of fresh cranberries in 2024 typically costs around $2.35, an 11.8% increase from last year.
If you like dinner rolls and cubed stuffing, data show these items were among the few that saw price increases compared to 2023.
Thanksgiving meal kits
If you're looking for ways to save, several major retailers offer Thanksgiving meal deals for 2024. Here are just a few. (Double-check the details of any shopping deals, as they may or may not be available or the same at each store location.)
- Thanksgiving meal for ten people at $47
- Includes: Butterball turkey, gravy, rolls, mac & cheese, stuffing, and ingredients for cranberry sauce, mashed potatoes, sweet potato casserole, green bean casserole, and pumpkin pie
- Thanksgiving meal for four people at $20
- Includes: frozen turkey, potatoes, green beans, cream of mushroom soup, cranberry sauce, stuffing mix, and turkey gravy
For more information, see Kiplinger's report: The Target Thanksgiving Meal is Back.
- Thanksgiving meal for eight people at under $51
- Features 29 items, including a whole turkey, sides, and desserts
Why is Thanksgiving so late this year?
Meanwhile, another question on some people’s minds involves this year's late Thanksgiving date.
Thanksgiving in 2024 falls on Thursday, November 28, the latest possible date for the holiday.
Since Thanksgiving is celebrated on the fourth Thursday of November, a tradition established by Congress in 1941, and November began on a Friday, the holiday falls at the very end of the month this year.
This late Thanksgiving creates a shorter holiday season, with less than four weeks between Thanksgiving and Christmas.
Related
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
As the senior tax editor at Kiplinger.com, Kelley R. Taylor simplifies federal and state tax information, news, and developments to help empower readers. Kelley has over two decades of experience advising on and covering education, law, finance, and tax as a corporate attorney and business journalist.
-
Average Net Worth by Age: How Do You Measure Up?
Financial advisors discuss the secrets to growing your net worth over time.
By Adam Shell Published
-
Three Charitable Giving Strategies for High-Net-Worth Individuals
If you have $1 million or more saved for retirement, these charitable giving strategies can help you give efficiently and save on taxes.
By Joe F. Schmitz Jr., CFP®, ChFC® Published