Thanksgiving Food Inflation Analysis:

What Are the Most Expensive Metros for Thanksgiving Dinner?

Updated: November 15, 2024

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Thanksgiving dinner expenses are expected to be lower this year, despite the cost of side dishes like pumpkin pie and mashed potatoes seeing price increases. Turkey prices have dropped by 10% since last year, which could help offset those rising costs. MoneyGeek analyzed the average cost of a Thanksgiving dinner across 106 metro areas, comparing 2024 prices at various national supermarkets to last year's prices for holiday staples such as turkey, pumpkin pie and cranberry sauce to find the most expensive metros for Thanksgiving dinner. In some metro areas, an entire Thanksgiving spread for six people could cost as much as $161. Here's what else we found.

Key Findings

 

To learn how inflation will impact the cost of Thanksgiving 2024 across the country, MoneyGeek analyzed pricing data and ranked the most — and least — affordable metros.

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Consumers can expect turkeys to be 11% cheaper during the week of Thanksgiving this year than were last year.

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Thanksgiving side dishes will be around 3% more expensive in 2024 than they were in 2023.

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Whole turkeys will reach $26 in 11 cities, nearly double the national average price.

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Turkeys are 20% more expensive on average when purchased the week of Thanksgiving compared to the week before.

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The most expensive Thanksgiving dinners will be in the Honolulu, Hawaii and Yakima, Washington, metro areas, with meals averaging $157 or more.

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Among the metros included in our analysis, Evansville, Indiana, is where you can purchase the cheapest Thanksgiving dinner, costing $112.

Thanksgiving Cost Breakdown: Most and Least Expensive Cities

MoneyGeek looked at the cost of Thanksgiving turkeys and prices for various side dishes, including mashed potatoes, stuffing, bread rolls, peas and corn, and refreshments for a party of six. Our analysis includes metro areas with a population of 250,000 people or more. To obtain our food price estimates, MoneyGeek used 2024 data from the Council for Community and Economic Research (C2ER) and Instacart prices. Gathering prices from some of America’s largest supermarket chains, we removed the average 15% markup from Instacart to get a more accurate sense of in-store costs.

Thanksgiving in Honolulu Hits the Wallet Hardest, While Southern Metros Offer a Feast for Less

Honolulu, Hawaii, tops the list as the most expensive metropolitan area for Thanksgiving meals. Here, a 10-pound fresh turkey, side dishes, and beverages like beer and wine can cost you $161. Not far behind are two Washington metro areas, Yakima and Olympia, with Thanksgiving feasts in these metros averaging $156. On the other hand, the South is home to three of the top five most affordable metro areas for Thanksgiving, specifically the Chattanooga, Tennessee, Oklahoma City and Jackson, Mississippi, areas, where costs fall under $116.

Most and least expensive metro areas for Thanksgiving dinner infographic

Turkeys Projected to Be Significantly Lower This Year

This year, consumers can expect a pleasant surprise, as Thanksgiving week turkey prices are projected to be considerably lower than last year. A 10% reduction in turkey prices suggests that a fresh, whole 10-lb turkey will likely cost around $18 this year.

Inflation made headlines in 2022, impacting prices across the board — including turkey prices. Despite an ongoing struggle with avian influenza and associated production woes, U.S. turkey prices are slightly lower this year.

Prices will reach as high as $26 for a 10 lb turkey in 11 metro areas and as low as $10 in other areas. Washington areas like Yakima and Olympia, as well as New York metros such as Buffalo and Syracuse, top the list for top-tier turkey prices; consumers living there can expect to pay $2.60 per pound. At the other end, eight of the 10 most affordable metros for turkeys are found in the South, where residents can expect to spend roughly $1.00 per pound. Just make sure not to wait until the last minute to buy your bird; Thanksgiving week often sees a nationwide surge in turkey prices, with an average increase of 20% when comparing costs with the previous week.

More Reasons to Love (or Hate) Side Dishes

While turkey prices have decreased, side dishes haven't followed suit compared to last year. This is particularly true in the Austin metro area: there, purchasing two store-bought pumpkin pies will set you back $24. Additionally, cranberry sauce can cost up to $9 in San Jose, California. And that six-pack and bottle of wine? Philadelphia, Pennsylvania, residents will pay $27.

The most and least expensive metros for side dishes infographic

How to Make Thanksgiving Dinner More Affordable in 2024

Creating a holiday budget plan can help keep costs down, not just for Thanksgiving but for the entire holiday season. Be creative about other ways to save money, such as by booking airline tickets and car rentals well before the holidays or finding the best travel credit cards that offer cash back or discounts on future travel. Consumers should be careful, though, to use credit cards responsibly in order to avoid taking on too much holiday debt.

For Thanksgiving dinner itself, consider hosting a potluck and asking guests to bring at least one side dish or beverage. Planning ahead can also help, given that costs go up the week before Thanksgiving. Keep an eye out for Thanksgiving turkey sales or deals on specific ingredients in the weeks leading up to the holiday, especially at big retailers like Costco or Sam’s Club.

Methodology

MoneyGeek analyzed average retail prices of various grocery store items across 106 metro areas with a population of 250,000 people or more using 2024 data from the Council for Community and Economic Research (C2ER) and Instacart. We excluded metro areas with no available data.

We used C2ER grocery item price data to construct prices for various Thanksgiving side dishes, including mashed potatoes, stuffing, bread/rolls, peas and corn, and refreshments for a party of six.

We used Instacart to research prices for various Thanksgiving meal items that were not included in the C2ER data, such as turkey, pumpkin pie, cranberry sauce and flour. Stores we gathered prices from included Wegmans, Safeway, Target, Sam’s Club, Hy-Vee, Kroger and Publix. We removed the average 15% markup for any prices researched using Instacart to reflect more accurate in-store prices.

We also analyzed the USDA’s National Retail Report for turkey prices per pound by year for the week of Thanksgiving to analyze cost changes. We calculated the average increase in turkey prices per pound from the week before Thanksgiving to the week of Thanksgiving over the past four years to understand the trends in cost changes as the holiday approaches.

Full Dataset

The data points presented are defined as follows:

  • Whole, Fresh Turkey: The average price of a 10-pound, fresh hen using dollars per pound and multiplied by 10, which is estimated to feed six people.
  • Side Dishes: The average cost of all side dishes, including mashed potatoes, stuffing, pumpkin pie, cranberry sauce, peas and corn, and refreshments.
  • Total Meal Cost: The average cost of a 10-pound whole, fresh turkey and side dishes.
Rank
Metro Area
Whole, Fresh Turkey
Side Dishes
Total Meal Cost

1

Honolulu, HI

$18.52

$142.21

$160.73

2

Yakima, WA

$26.00

$130.53

$156.53

3

Olympia-Lacey-Tumwater, WA

$26.00

$130.29

$156.29

4

Kennewick-Richland, WA

$26.00

$127.48

$153.48

5

San Francisco-Oakland-Fremont, CA

$22.61

$130.73

$153.33

6

Boston-Cambridge-Newton, MA-NH

$26.00

$126.46

$152.46

7

New York-Newark-Jersey City, NY-NJ

$19.91

$128.18

$148.09

8

Scranton-Wilkes-Barre, PA

$26.00

$120.92

$146.92

About Rachel Newcomb, PhD


Rachel Newcomb, PhD headshot

Dr. Rachel Newcomb is an award-winning writer and the chair of anthropology at Rollins College. She has over two decades of research experience both internationally and domestically. She has published multiple books and articles on USA Today, HuffPost, The Economist and The Washington Post. She also contributes finance articles to MoneyGeek.

Dr. Newcomb earned her doctorate in anthropology from Princeton University.


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