Special Report

What Thanksgiving Dinner Will Cost This Year - Thanks to Inflation

VeselovaElena / iStock via Getty Images

Thanksgiving, that annual American rite of food overindulgence, is just weeks away. Before you settle into an easy chair and process that week’s-worth of calories you consumed in a single sitting, however, know this: That feast you just had will be the costliest Turkey Day dinner ever. Turkeys can’t fly, but their prices are soaring. (Of course there are other possibilities: Here are 12 delicious alternatives to turkey for your Thanksgiving feast.)

To compile a list of typical Thanksgiving foods and how inflation has affected their price over the past two decades, 24/7 Tempo reviewed a study by the coupon tracking platform CouponFollow. Surveying about 1,000 consumers for the report, the site compared the average cost of a dozen traditional Thanksgiving foods in 2002, 2012, and 2022 to show the impact inflation has had on them.

The overall cost of a typical Thanksgiving dinner, the report found, has climbed 64% since 2002. This year, Americans plan to spend about $251, on average, for their big holiday meal. According to CouponFollow, millennials are expected to bear the highest costs (about $300) and baby boomers the least ($140). Those identifying as Gen Z and Gen X both reported a budget of about $200.

While all the fixings have soared since 2002, it’s the cost of the bird that’s really climbed. Turkey has seen the greatest increase in price since 2002; a bird that cost about $14 two decades ago is now almost $10 more. (Things could be worse. These are the countries with the worst inflation in the world.)

Click here to see the impact of inflation on Thanksgiving foods

Forty-year inflation and a persistent outbreak of the viral avian flu earlier this year have been driving up the costs of producing turkeys, according to a September story in Forbes. This year, the flu has killed 4.5 million turkeys, or 2.5% of U.S. turkey production. Drilling down into inflation factors, turkey costs have also climbed because of higher feed prices and more expensive fuel.

Source: Brand X Pictures / Stockbyte via Getty Images

Turkey
> Cost in 2022: $23.60 — up 28.26% from 2012 and 64.00% from 2002
> Cost in 2012: $18.40
> Cost in 2002: $14.39

[in-text-ad]

Mac and Cheese
> Cost in 2022: $17.86 — up 28.30% from 2012 and 64.00% from 2002
> Cost in 2012: $13.92
> Cost in 2002: $10.89

Source: bhofack2 / Getty Images

Sweet potato casserole
> Cost in 2022: $10.68 — up 28.37% from 2012 and 64.06% from 2002
> Cost in 2012: $8.32
> Cost in 2002: $6.51

Source: DebbiSmirnoff / Getty Images

Pecan pie
> Cost in 2022: $6.82 — up 28.20% from 2012 and 63.94% from 2002
> Cost in 2012: $5.32
> Cost in 2002: $4.16

[in-text-ad-2]

Source: VeselovaElena / iStock via Getty Images

Mashed potatoes
> Cost in 2022: $6.81 — up 28.25% from 2012 and 64.10% from 2002
> Cost in 2012: $5.31
> Cost in 2002: $4.15

Source: bhofack2 / iStock via Getty Images

Stuffing
> Cost in 2022: $6.17 — up 28.27% from 2012 and 64.10% from 2002
> Cost in 2012: $4.81
> Cost in 2002: $3.76

[in-text-ad]

Source: from_my_point_of_view / iStock via Getty Images

Green bean casserole
> Cost in 2022: $5.91 — up 28.20% from 2012 and 64.17% from 2002
> Cost in 2012: $4.61
> Cost in 2002: $3.60

Source: bhofack2 / iStock via Getty Images

Salad
> Cost in 2022: $2.71 — up 28.44% from 2012 and 64.24% from 2002
> Cost in 2012: $2.11
> Cost in 2002: $1.65

Source: bhofack2 / iStock via Getty Images

Pumpkin pie
> Cost in 2022: $2.50 — up 30.21% from 2012 and 64.47% from 2002
> Cost in 2012: $1.92
> Cost in 2002: $1.52

[in-text-ad-2]

Cranberry sauce
> Cost in 2022: $2.39 — up 27.81% from 2012 and 63.70% from 2002
> Cost in 2012: $1.87
> Cost in 2002: $1.46

Creamed corn
> Cost in 2022: $1.44 — up 28.57% from 2012 and 63.64% from 2002
> Cost in 2012: $1.12
> Cost in 2002: $0.88

[in-text-ad]

Bread rolls
> Cost in 2022: $1.07 — up 28.92% from 2012 and 64.62% from 2002
> Cost in 2012: $0.83
> Cost in 2002: $0.65

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.