Food spending as a share of income declines as income rises

Food spending as a share of income declines as income rises

As their incomes rise, households spend more money on food but it represents a smaller overall budget share. In 2018, households in the lowest income quintile spent an average of $4,109 on food, representing 35.1 percent of income, while households in the highest income quintile spent an average of $13,348 on food, representing 8.2 percent of income.


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Last updated: Friday, September 20, 2019

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