Thanksgiving is a time for gratitude, family gatherings, and a feast centered around a perfectly roasted turkey. This year, Americans have something extra to be thankful for: turkey prices have dropped significantly. But before celebrating, let’s break down the real cost of a full Thanksgiving dinner in 2023—and how to save.
Turkey Prices Drop in 2023
The American Farm Bureau Federation (AFBF) reports the average price of a 16-pound turkey fell 5.6% year-over-year, down to $1.27 per pound. After 2022’s inflation-driven spikes (blamed on avian flu and supply chains), this decline is a relief.
Major retailers like Walmart, Kroger, and Aldi are slashing prices further, with some turkeys selling below $1 per pound when bundled with other groceries.
2023 Thanksgiving Dinner Cost Breakdown
While turkey costs dipped, most side dishes stayed flat or rose. The AFBF estimates a classic meal for 10 averages $61.17—just $0.20 cheaper than 2022. Key items:
- Turkey (16 lbs): $20.32 (↓ from $21.57)
- Stuffing (14 oz): $3.77 (↑ slightly)
- Pumpkin Pie Mix: $4.44 (↑ 13% YoY)
- Frozen Peas (1 lb): $1.90 (↑ 5.5%)
- Sweet Potatoes (3 lbs): $3.56 (↓ 10%)
Inflation and supply hurdles kept costs high for staples like pie filling and peas, offsetting turkey savings.
Regional Price Differences
Your location impacts costs:
– High-cost states (CA, NY): Expect pricier spreads.
– Midwest/South: Typically lower grocery bills.
– Urban vs. Rural: City shoppers may pay more due to markups.
5 Ways to Save on Thanksgiving Dinner
- Buy frozen turkeys early—prices climb closer to Thanksgiving.
- Choose store brands for stuffing, pie crusts, and canned goods.
- Host potluck-style and delegate sides/desserts to guests.
- Track sales using apps like Flipp or store loyalty programs.
- DIY basics (e.g., homemade rolls or cranberry sauce).
The Bottom Line
Cheaper turkeys help, but overall meal costs hover near record highs. Smart shopping and budgeting let you enjoy tradition without overspending.
After all, Thanksgiving’s true value—time with loved ones—is priceless. Share your budget tips or meal plans below!
