![]() Ontario has some of the highest food costs, averaging $217.07 per person in March of 2021. The rising trend in grocery costs is likely to continue, especially as food prices are expected to rise significantly in the coming months due to inflation and supply chain disruptions as a direct result of the worldwide crisis. This number represents a slight increase from the previous month when the average bill was $231.60. The average grocery bill in Canada was $233.30 in March of 2021. On the other hand, families in urban centers might spend a more significant percentage of their income on food because it can be more expensive to purchase groceries at big-box stores or restaurant meals. For instance, families living in rural areas with lower incomes might spend less on food overall, since produce and other staples are often more affordable when purchased directly from local farmers. The amount that families spend on food will depend on the family’s size and other factors such as location and lifestyle choices. Families in Canada spent an average of $936.40 a month on food costs in 2021. Some of the factors driving this increase include higher food prices due to rising fuel costs, inflation, and supply chain issues related to the COVID-19 pandemic. In terms of statistics, the average cost of food has experienced a slight increase in recent years, rising from $196.20 in 2020 and $192.20 in 2019. But even the most frugal of eaters can expect to spend upwards of $150 per month on groceries. The cost of food per person will obviously differ depending on a number of factors, such as whether you live in a rural or urban area, how often you eat out, and the types of foods you purchase. In 2021, the average grocery cost for one person was $200.51 per month. 62% of Canadians eat out less often than before the pandemic.Ĭanada Food Statistics 1.Ontario has some of the highest food costs, averaging $217.07 per person in March of 2021.Families in Canada spent an average of $936.40 a month on food costs in 2021.So, two people traveling together for a week should have between $700 and $1,400 between them, depending on the activities they plan to experience. How much cash do you need on vacation? It is recommended you have roughly $50 to $100 per person in cash for every day of your trip. ![]() This approach requires the traveler to factor their vacations into their total leisure spending, but allows them to work with a greater sum of money. 30% of net income is spent on things you want.50% of net income is spent on things you need. ![]() ![]() Another popular budgeting option is the 50/30/20 rule: How much should I budget for a vacation? Many people set aside 5-10% of their net yearly income for leisure travel, but this can vary greatly based on the type of vacations they’re planning. Individual costs will vary based on the traveler’s mode of transportation and lodging. How much does the average vacation cost for one person? The average vacation cost for one person in the U.S. Average vacation cost FAQ Here are answers to some common questions about budgeting for vacation. If owning a second home feels like it’s out of budget, there’s also the option of co-ownership to further curb costs. If you travel to the same location regularly, buying a second home there can reduce your lodging expenses. Learning about average vacation costs is a great starting point for planning your trip and keeping expenses under budget. This can make a $15 meal free or cost only $5.ĭue to inflation, it’s becoming more difficult for people to travel without going into debt.
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