After hitting a record high in 2022, the cost of a Thanksgiving meal decreased in 2023. According to the yearly survey from the American Farm Bureau Federation, the cost of a classic Thanksgiving feast for ten people is $61.17, down 4.5% from last year.
That is still much higher than in 2021, when a full Thanksgiving meal cost an average of $53.31.
While the cost of groceries is higher than last year, they are offset by the cost of turkey, which has dropped 5.6% compared to the previous year. This year, a 16-pound turkey will set you back $27.35. That price is expected to drop even lower as stores offer sales on fresh and frozen turkeys.
The cost of a Thanksgiving meal varies based on where you live. According to the AFBF, Thanksgiving dinner will be the most expensive for people living in the Northeast, costing $64.38. Those living in the Western part of the country will pay an average of $63.89. The South is third, with a cost of $59.10, while the Midwest will pay an average of $58.66 for a complete Thanksgiving feast.