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Examining the price of eating at home vs eating out

Mediafeed Logo By Kayla McCormack of Mediafeed | Slide 1 of 11: It seems like America’s appetite for food is insatiable. Instagram feeds are filled with plates piled high with pasta, perfectly grilled steaks and luscious desserts. It feels like there is a food-centric show on almost every channel, and there are entire networks devoted exclusively to cooking.Beyond cooking at home, dining out has become a major part of American life. What started with the Michelin Guide has now grown into a full-blown industry. You can now count on James Beard and Zagat to tell you where to eat.Plus, there are local publications and online sites like Eater and Thrillist. And don’t forget about social sites like Yelp and TripAdvisor.Spending money on food is essential. We need to eat to survive, and we’re always looking for our next great meal. But how much is our food obsession costing us? The average household spends $4,363 each year on groceries.Americans are spending more money on restaurant visits and dining out than ever before. Americans dine out on average 5.9 times a week. The average American family spends $3,365  on food away from home.The shift toward eating out is part of a long-term trend. According to the consumer price index, 20 years ago families were spending approximately 10% of their income on groceries and about 5.5% on eating out.These days the spending gap between the two has decreased considerably. Americans spend 7.2% of their budget on groceries and 6% on eating out.The pros and cons of eating at home versus eating out are often debated. Here are some to consider. Related: Are you bad with money? How to know & what to do

Takeout is on the rise

It seems like America’s appetite for food is insatiable. Instagram feeds are filled with plates piled high with pasta, perfectly grilled steaks and luscious desserts. It feels like there is a food-centric show on almost every channel, and there are entire networks devoted exclusively to cooking.

Beyond cooking at home, dining out has become a major part of American life. What started with the Michelin Guide has now grown into a full-blown industry. You can now count on James Beard and Zagat to tell you where to eat.

Plus, there are local publications and online sites like Eater and Thrillist. And don’t forget about social sites like Yelp and TripAdvisor.

Spending money on food is essential. We need to eat to survive, and we’re always looking for our next great meal. But how much is our food obsession costing us? The average household spends $4,363 each year on groceries.

Americans are spending more money on restaurant visits and dining out than ever before. Americans dine out on average 5.9 times a week. The average American family spends $3,365  on food away from home.

The shift toward eating out is part of a long-term trend. According to the consumer price index, 20 years ago families were spending approximately 10% of their income on groceries and about 5.5% on eating out.

These days the spending gap between the two has decreased considerably. Americans spend 7.2% of their budget on groceries and 6% on eating out.

The pros and cons of eating at home versus eating out are often debated. Here are some to consider.

Related: Are you bad with money? How to know & what to do

© AVAVA / iStock

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