How much does the average millennial spend on eating out?

Every month, millennials spend $139 on restaurants on average. Millennials are all about health, so the fact that they spend 1,400 hours every year cooking food or eating out comes as no surprise.

How much does the average person spend on eating out per month?

The average American spends $232 per month eating meals prepared outside the home. Given that there’s 18.2 meals eaten outside the home in an average month by the average American, the average meal outside the home costs a person $12.75. Again, that’s reasonable.

Which age group spends the most money on dining out?

The 25- to 35-age-group spend the average amount as all adults. It’s the 35- to 54-age-group who are the bigger spenders, nearly 25\% more than average. However, when we look at time spent, the 25- to 35-year-olds spend the most time in restaurants, more than one-quarter more than average (+28\%).

How much is reasonable to spend on eating out?

Many financial advisors and gurus recommend spending no more than 10\%-15\% of take-home pay on food, a figure that includes restaurant dining and takeout. By this measure, a couple with $70,000 in adjusted income should keep an annual food budget in the $7,000 to $10,500 range.

Are millennials eating healthier?

Millennials tend to be more health-conscious – half of the demographic believes they eat healthier than the average, according to Mintel’s survey. Over 60\% of millennials surveyed think their generation is more focused on health than any other generation.

How many times do millennials eat out?

The survey found that three times a week, 54 percent of younger millennials (ages 18 to 26) eat out and 30 percent buy coffee. 51 percent go to a bar once per week and the average millennial eats out five times a week.

Do Millennials eat fast food?

In our survey, we asked consumers how frequently they consume the following fast food by category: burgers, sandwiches, pizza, chicken, world cuisine, and snacks. Amongst who frequently (more than 5 times a month) eat fast food, Gen Z-ers and Millennials both prefer chicken and snacks as their go-to fast food items.

Do Millennials like fast food?

According to the National Restaurant Association, millennials prefer fast food, deli food and pizza over coffee and casual or fine dining. As millennials want an emphasis on convenience, meal kits, food delivery services and food trucks are thriving due to their convenience factor.