Compare Michigan grocery costs to the national average

If you’ve been to the grocery store recently, you may have noticed that your bill is a little higher than before.

This is not just imagination. In 2023, food prices are actually rising.

Food prices are projected to increase by 5.8% in 2023, according to the USDA.

That means for every $100 you used to spend on groceries, you’re now paying about $105.80.

This increase is even more pronounced when eating out.

Out-of-home food prices are projected to rise by 7.1%

For example, a $20 meal at your favorite restaurant now costs about $21.40.

Why are food prices so high?

Many factors are involved. Global trade issues and weather events are just a few of the many things that can impact the food supply chain and therefore the retail price of food.

Inflation also plays an important role. An increase in the general price level of goods and services leads to a decrease in the purchasing power of a currency.This impacts production costs, consumer spending and investment decisions

How can I make more money for groceries?

These rising costs can be burdensome, but there are ways to manage them.

Planning your meals in advance, shopping to your heart’s content, and stocking up on your favorite items when they’re on sale can help you manage your grocery budget.

food costs in michigan

According to Apartmentlist.com, the average single Michigan resident spends about $3,423 per year on food, or about $285.25 per month. For her family of two, two working adults and two children, the annual cost would almost triple to $10,068, or about $839 per month.

But how does it compare to other parts of the country?