According to a September 2013 study by Visa, Americans who eat out for lunch spend nearly $936 a year on average, solely on lunch. This breaks down to about $18 a week, or eating out twice a week at nearly $10 per outing.
Want to keep even more cash in your wallet? Clip some digital coupons in our new circulars section on wptv.com.
Looking to cut back and save that money for something else? By preparing a meal at home or buying frozen those two days (based on an average frozen meal cost of $4, lunches can be prepared fresh at home for even less), peope can save an estimated $10 a week or more, roughly equalling $520 a year.
This is enough to pay for:
- A bottle of Dom Perignon Champagne 2002 ($440) and 1 oz. of Royal Imperial Caviar ($80)
- 16G iPad Air with Wi-Fi compatibility ($499)
- Charter a Schweizer 300C helicopter for one hour, day or night ($400-500)
- 3,360 Marshmallow Peeps ($511 for 28 cases of 24 packages of Peeps, with 5 peeps per package)
- Round-trip flight from Seattle, Washington to Honolulu, Hawaii on Hawaiian Airlines ($408)
- MICHAEL Michael Kors Large Hamilton Traveler (purse, $398) and a MICHAEL Michael Kors Large Jet Set Multifunction Phone case (wallet, $98)
Other findings of the Visa Lunch Spending Survey:
- Men outspend women on a weekly basis by 44 percent.
- 1 percent of people surveyed spend more than $50 per lunch. That adds up to close to $5,000 a year.
- 30 percent of respondents said that they never bought lunch out.
- Respondents who said they make less than $25K per year spent more per meal, at $11.70, than those in any other income bracket.
- Those earning over $50,000 per year spent an average of $9.60 per meal; a difference of 22 percent.
- The average Southerner eats out twice per week, spending $10 each time for an average of $20 per week.
- Westerners mirrored the national average, spending $10 per lunch 1.8 times a week for an average of $18 per week on lunch.
- Midwesterners spent the least, going out for lunch 1.7 times a week and spending only $8.90 per meal. They averaged $15.13 per week.
- Northeasterners ate their lunches out the least often, but splurged the most when they did. In the Northeast respondents ate out 1.5 times a week but spent 14 percent more per meal than the national average at $11.40 for a weekly total of $17.10.