Thanksgiving Dinner Cost Drops by 4.5% This Year

Decrease in turkey prices contributes to lower costs, but some items like cranberries and sweet potatoes see price increases.

Thanksgiving dinner for 10 people this year is expected to cost around $61.17, roughly 4.5% less than 2022's average of $64.05, according to data compiled by the American Farm Bureau Federation.
The decrease in cost is largely due to a reduction in turkey prices, which have fallen thanks to a sharp reduction in cases of avian influenza, allowing production to increase.
The average price of a 16-pound turkey this year is expected to be $27.35.
Despite the overall decrease, certain items like fresh cranberries and sweet potatoes have seen a price increase of 20% and 4% respectively.
Alternative recipes using less expensive ingredients are being suggested to help save on costs.