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This year’s Thanksgiving dinner may bring some cheerful news for families as costs are projected to decline. As per the latest report from the American Farm Bureau Federation (AFBF), the estimated total cost for a traditional Thanksgiving feast in 2025 is approximately $55.18 for ten people. That’s a decrease of $2.90 compared to last year, marking the third consecutive year of declining prices for Thanksgiving dinners.
What’s Included in the Thanksgiving Dinner?
The AFBF’s survey details the typical items included in their Thanksgiving dinner calculation. The meal consists of:
- 16-pound turkey
- 30 ounces of pumpkin pie mix
- 14 ounces of cubed stuffing mix
- A dozen dinner rolls
- 12 ounces of fresh cranberries
- Three pounds of sweet potatoes
- Two frozen pie shells
- A gallon of whole milk
- A pound of frozen peas
- A one-pound veggie tray
- Half a pint of whipping cream
- Miscellaneous ingredients
How the Costs Are Determined
To arrive at these figures, AFBF relies on volunteer shoppers from all 50 states and Puerto Rico. These shoppers scour their local outlets for the best possible prices, ensuring they don’t include promotional coupons or bulk purchase discounts in their calculations. This grassroots approach gives a comprehensive overview of Thanksgiving expenses across the nation.
Historical Context of Thanksgiving Dinner Prices
Looking back, Thanksgiving dinner prices peaked in 2022 at nearly $9 more than the present estimate. While many food items saw minor fluctuations—most changing by less than $1—the costs of turkeys and sweet potatoes stood out. The price of turkeys has significantly decreased from $25.67 in 2024 to $21.50 this year. Conversely, sweet potatoes are on the rise, with costs increasing by over a third to reach $4 this year.
Moreover, inflation paints an interesting picture. In 1987, it cost just $24.16 for the same meal—a cost that would equivalent to about $68 today when adjusted for inflation. Thus, while it appears overall prices have skyrocketed, they have actually reverted back down in recent years when inflation is considered.
Why Are Prices Dropping?
The AFBF’s report indicates that various factors contribute to the decline in Thanksgiving dinner costs. Shifts in agricultural production, changes in consumer demand, and economic conditions all play a role in shaping food prices as we approach the holiday season. Additionally, after a period of rising prices from 2021 through early 2022, market adjustments have led to more favorable pricing for consumers.
Planning for a Budget-Friendly Thanksgiving
For families feeling the pinch of rising living costs, the prospect of a cheaper Thanksgiving feast is refreshing. With thoughtful planning, many can enjoy a traditional dinner without stretching their budgets. By focusing on sales, coordinating potlucks, or even preparing meals ahead of time, families can savor the upcoming holiday without the financial burden that often accompanies it.
What Should We Expect for Future Thanksgiving Dinners?
The price trends indicate that while 2025 brings more favorable pricing, it’s essential to remain vigilant about annual fluctuations. The insights from AFBF will continue to guide shoppers in effectively planning their holiday meals in years to come. As for 2025, families can look forward not only to a delicious Thanksgiving feast but also to a more budget-friendly celebration.
FAQ
What is the average cost of Thanksgiving dinner for 2025?
The average cost for a Thanksgiving dinner in 2025 is estimated to be $55.18 for ten people, which is a decrease of $2.90 from the previous year.
What items are typically included in the Thanksgiving dinner cost?
Common items include a 16-pound turkey, stuffing, cranberry sauce, pumpkin pie mix, and various side dishes.
Why have Thanksgiving dinner costs decreased in recent years?
Factors such as agricultural production shifts, consumer demand changes, and economic conditions have contributed to decreasing prices in the last few years.
How are these costs measured?
The American Farm Bureau Federation compiles its report through surveys completed by volunteer shoppers across all 50 states and Puerto Rico.
How does inflation impact the cost of Thanksgiving dinners?
When adjusted for inflation, the cost of Thanksgiving dinners has not risen as sharply as it may seem; for example, 1987’s dinner cost around $68 in today’s dollars.
