BALTIMORE, MD—With fast food prices rising by 3.2% over the past year, outpacing inflation, the personal-finance company WalletHub today released its report on the Cities Where People Spend the Most & Least on Fast Food to shed light on where these purchases take the biggest bite out of Americans’ wallets.
Baltimore came in at No. 4. Cleveland, Ohio topped the list with Freemont, California coming in last place.
To determine where consumers spend the most and least relative to their earnings, WalletHub analyzed the average prices of burgers, pizza and fried chicken sandwiches in 100 of the largest cities, then compared them to the median household income.
Highest % of Income Spent
Lowest % of Income Spent
1. Cleveland, OH (0.68%)
91. Huntington Beach, CA (0.28%)
2. Detroit, MI (0.67%)
92. Scottsdale, AZ (0.28%)
3. Newark, NJ (0.62%)
93. Seattle, WA (0.27%)
4. Baltimore, MD (0.61%)
94. Irvine, CA (0.26%)
5. Birmingham, AL (0.60%)
95. San Jose, CA (0.26%)
6. Hialeah, FL (0.59%)
96. San Francisco, CA (0.26%)
7. Buffalo, NY (0.57%)
97. Gilbert, AZ (0.24%)
8. Milwaukee, WI (0.56%)
98. Plano, TX (0.24%)
9. Toledo, OH (0.56%)
99. Austin, TX (0.23%)
10. Miami, FL (0.53%)
100. Fremont, CA (0.20%)
“Fast food has grown more and more expensive in recent years, outpacing inflation,” said WalletHub analyst Chip Lupo. “As a result, it’s worthwhile for consumers to think critically about whether the convenience of fast food really justifies the cost – and about how much room they have in their budgets for this luxury. The city in which you live can have a big impact on how much fast food costs, too. People in the most expensive cities shell out over three times more than residents of the least expensive cities, relative to the median income.”
“Cleveland residents pay more for fast food relative to their incomes than people in any other city,” Lupo added. “Buying just one fast-food burger, a fried chicken sandwich, and a small pizza costs residents 0.68% of the median monthly household income. For comparison, the same fast food purchases would only cost 0.20% of the median monthly household income in Fremont, CA.”
The full report can be viewed online here at WalletHub.
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Photo via Pixabay
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