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Food spending as a share of income declines as income rises

Food spending as a share of income bar chart

U.S. households with higher incomes spend more money on food, but the amount spent represents a smaller overall portion of their budgets. In 2021, households in the lowest income quintile spent an average of $4,875 on food (representing 30.6 percent of income), while households in the highest income quintile spent an average of $13,973 on food (representing 7.6 percent of income).

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