Thanksgiving Dinner Will Cost Less This Year Compared to 2022

Thanksgiving dinner will cost less overall, but some items are slightly pricier this year

Family having a Thanksgiving meal

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If you’re hosting Thanksgiving this year, we’ve got some good news—Thanksgiving dinner will cost you less this year, compared to 2022. The average cost of a Thanksgiving meal for 10 will cost you about $61.17 total, down 4.5% from a record high of $64.05 in 2022, according to an annual survey of shoppers by the Farm Bureau.

Though inflation cooled slightly in October, it kept food prices high the past few years, making holidays such as Thanksgiving more expensive for consumers.

Investopedia analyzed data from the USDA to see how much turkey and other Thanksgiving staples will cost you this year. Although Thanksgiving dinner will cost less overall, some items (like sweet corn and turkey) are slightly pricier this year, while other holiday staples are reduced in price. Here's the breakdown:

Average Cost of Common Thanksgiving Foods in 2023

Alice Morgan / Investopedia

Sweet Corn, Pumpkins, Turkey Are Pricier

Turkey, sweet corn, and pumpkins for pie cost more this year compared to 2022, according to USDA data. A 16-pound turkey will cost you an average of $18.85 this year, up from $18.61 in 2022. Sweet corn had the biggest increase on our list, 7.8% more expensive than last year at $1.13 for two pounds. Pumpkins for pie will cost you $2.96 for three pounds, 4.5% more expensive than 2022.

Potatoes, Cranberries, Ham Less Expensive This Year

Although your turkey will cost slightly more this year, other Thanksgiving favorites are less expensive. Potatoes had the biggest price drop on our list, and will cost you about $2.96 for three pounds, 5.17% less expensive compared to 2022. Meanwhile, cranberries are nearly 4% less expensive than last year, and will cost you $1.82 for 0.75 pounds. The price of ham has also reduced slightly from 2022, and will cost $24.35 for eight pounds.


Food proportions were taken from the American Farm Bureau Federation's Thanksgiving dinner cost survey for a meal for 10. Food cost data was the national weighted average taken from weekly USDA Agricultural Marketing Service retail reports between 10/01/2023 to 11/04/2023. Potatoes include sweet, red, white, russet, & yellow type. Turkey includes frozen toms and hens. All prices used were per pound and extrapolated out to amounts in Farm Bureau survey.

Research and analysis by
Adrian Nesta
Adrian Nesta, Research Analyst on the Data Journalism team at Dotdash

Adrian Nesta is a Senior Data Reporter on the Data Journalism team at Dotdash, the digital publisher that owns and operates Investopedia. His work includes data collection, cleaning, analysis, and visualization for stories in the data journalism portfolio across every vertical at Dotdash.

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  1. Farm Bureau. "Cost of Thanksgiving Dinner Down Slightly From Record High in 2022."

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