A State-by-State Look at Who Spends the Most and Least on Fast Food
WalletHub said fast food costs about 1.8 times more in the most expensive states than the cheapest states, relative to median income.
- WalletHub researchers examined fast food prices across all 50 states, finding Mississippi residents spend the largest share of their income on fast food, while New Jersey residents spend the least.
- Relative to median income, fast food costs vary widely by state, appearing around 1.8 times higher in expensive states than cheapest ones. WalletHub analyst Chip Lupo noted this geographic disparity significantly impacts household budgets.
- McDonald Chairman and CEO Chris Kempczinski reported in May that fast food visits from customers earning $45,000 or less are declining. Rising gas prices from the Iran conflict may further pressure consumer spending.
- With prices up 60% since 2014, consumers are questioning the convenience value of fast food. Chip Lupo stated, "It's fair for consumers to wonder whether the convenience of having food in minutes is really even worth it anymore."
- Analysts recommend treating fast food as a "luxury" at the bottom of budgets when identifying "wants." Costco recently lowered some Kirkland prices after customer complaints that products had "become too expensive.
15 Articles
15 Articles
Food prices have increased by 3.1% year-on-year, but fast food has risen on average by 60% in the last decade
California Has Nation’s Most Expensive Fast-Food Pizza, Study Finds - Santa Monica News, Events & Local Politics
The study, released by personal finance website WalletHub, found that California ranks first nationally for the average price of an 11- to 12-inch pizza, fourth for burgers and third for fried chicken sandwiches. Californians pay some of the highest fast-food prices in the nation, including the country’s most expensive pizza, according to a new analysis examining the cost of fast food relative to household income. The study, released by personal…
Study finds New Jersey residents spend smallest share of income on fast food - WRNJ Radio
NEW JERSEY — New Jersey residents spend the smallest percentage of their household income on fast food purchases among all 50 states, according to a new analysis by personal finance website WalletHub. The study examined the average cost of common fast-food items — a burger, an 11- to 12-inch pizza and a fried chicken sandwich — and compared those prices with each state’s median household income to determine where fast food places the greatest an…
States Where People Spend the Most & Least on Fast Food
Fast food was once considered an affordable option for eating out, but over time it has increasingly become more of a luxury. Since 2014, fast-food restaurants have increased menu prices by 60%, nearly double the rate of inflation over the same period. As a result, reducing fast-food spending can benefit not only your health but also your finances. To identify where fast-food purchases take up the largest share of people’s income, WalletHub exam…
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