Thanksgiving dinner costs decline

Cooking a Thanksgiving dinner for your friends and family will cost less than last year, marking the third straight year of price declines.

The American Farm Bureau Federation’s annual Thanksgiving dinner survey provides a snapshot of the average cost of Thanksgiving staples that make up a classic holiday feast for 10, which is $55.18 or about $5.52 per person.

This is a 5% decrease from 2024. Three years of declines don’t fully erase dramatic increases that led to a record-high cost of $64.05 in 2022.

The centerpiece on most Thanksgiving tables – the turkey – dramatically decreased in price, which helped bring down the overall cost of dinner. The average price for a 16-pound frozen turkey is $21.50. That is $1.34 per pound, down more than 16% from last year. While the wholesale price for fresh turkey is up from 2024, grocery stores are featuring Thanksgiving deals and attempting to draw consumer demand back to turkey, leading to lower retail prices for a holiday bird.

Farm Bureau volunteer shoppers checked prices the first week of November. Grocery stores often feature whole turkeys at even lower prices in the days leading up to Thanksgiving.  According to the most recent USDA Agricultural Marketing Service data, the average per-pound feature price for whole frozen turkeys declined further during the second week of November.

“It’s encouraging to see some relief in the price of turkeys, as it is typically the most expensive part of the meal,” said AFBF Economist Faith Parum, Ph.D. “Farmers are still working to rebuild turkey flocks that were devastated by avian influenza, but overall demand has also fallen. The combination will help ensure turkey will remain an affordable option for families celebrating Thanksgiving.”

The shopping list for Farm Bureau’s informal survey includes turkey, stuffing, sweet potatoes, rolls, peas, cranberries, a veggie tray, and pumpkin pie with whipped cream, all in quantities sufficient for 10 servings.