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Food spending as a share of income declines as income rises

Vertical bar chart showing average annual spending and percent of income spent on food in the United States in 2023 across income quintiles.

As their incomes rise, U.S. households spend more money on food, but it represents a smaller share of their income. In 2023, households in the lowest income quintile spent an average of $5,278 on food (representing 32.6 percent of after-tax income). Households in the middle income quintile spent an average of $8,989 on food in 2023 (representing 13.5 percent of after-tax income). In 2023, households in the highest income quintile spent an average of $16,996 on food (representing 8.1 percent of after-tax income).

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