US EditionWhich States' Residents Spend the Highest Share of Their Income on Fast Food?
- This week, WalletHub published a study revealing that people living in Mississippi and New Mexico allocate the largest portion of their income to fast food purchases compared to other states across the country.
- The study analyzed the cost of common fast food items relative to median household income, noting a 47% price increase over the past decade.
- Mississippi ranks first with fast food costing 0.47% of median monthly income, largely because its residents have the lowest median earnings in the country even though menu prices are among the more affordable nationwide.
- Chip Lupo, an analyst at WalletHub, noted that the cost of fast food varies greatly depending on your location, with prices reaching up to 1.6 times higher in some states compared to others when adjusted for median income. He also pointed out that with fast food prices increasing significantly over the past decade, consumers might question whether the added convenience is still worth the expense.
- The findings suggest that low incomes and rising fast food prices make these meals a larger financial burden in states like Mississippi and New Mexico.
19 Articles
19 Articles
West Virginia ranked 5th in states who spend most on fast food
(WJW) – How often do you swing through a drive-thru? The cost of fast food may be hitting your wallet harder than you think. The cost also likely varies depending on where you live — and a recent study by WalletHub looked to see which states spend the largest portion of their income on quick-service food. West Virginia ranked fifth on the list behind Mississippi, New Mexico, Kentucky and Arkansas. Ohio was 19th. “With fast food prices rising by …
How much of their income do North Carolinians spend on fast food?
(WJW) – How often do you swing through a drive-thru? The cost of fast food may be hitting your wallet harder than you think. The cost also likely varies depending on where you live — and a recent study by WalletHub looked to see which states spend the largest portion of their income on quick-service food. “With fast food prices rising by an average of 47% over the past decade, it’s fair for consumers to wonder whether the convenience of having f…
WNTZ FOX 48
Which states' residents spend the highest share of their income on fast food?
(WJW) – How often do you swing through a drive-thru? The cost of fast food may be hitting your wallet harder than you think. The cost also likely varies depending on where you live — and a recent study by WalletHub looked to see which states spend the largest portion of their income on quick-service food. “With fast food prices rising by an average of 47% over the past decade, it’s fair for consumers to wonder whether the convenience of having f…
The average cost of fast food in Pennsylvania
(WTAJ) -- As fast food prices have surged well above the country's inflation rate, many consumers wonder if stopping for dinner on the way home is even worth it. According to a WalletHub study, the average price of fast food has risen 47 percent over the past decade. Value menus at fast food chains have become less and less of a value, and when COVID-19 was surging, "value" menus were becoming increasingly harder to find. Mississippi sits at the…
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