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The 2021 grill season has officially arrived now that Memorial Day weekend has arrived.
If you plan to celebrate with a classic American meal of cheeseburger and fries, latest data from the offer website Simple and economical life shows that barbecuing a homemade burger is probably more affordable than eating one out in a restaurant.
For Arizona residents, a home cheeseburger is the cheapest at $ 2.34, while Hawaiians pay the most, averaging $ 2.95. By region, the Midwest arrived with the highest average cost of burgers at $ 2.65 – beating prices in the West at $ 2.58, the Northeast at $ 2.54, and the South at $ 2.50.
To find the average cost of a cheeseburger by state, Simple Thrifty Living aggregated Walmart retailer prices for each of the following ingredients and toppings, based on specific portion sizes:
- 1/4 pound ground beef
- 1 teaspoon of ketchup
- 1 teaspoon of mustard
- 1/5 onion
- 1 hamburger bun
- 1 teaspoon of mayonnaise
- 1/4 tomato
- 1 oz of pickles
- 1/8 head of lettuce
- 1 slice of cheese
Here is the average cost of a homemade cheeseburger in each state:
No matter what state you live in, you can save money on your next homemade burger by using a credit card that rewards you for grocery shopping.
The average American spends about $ 5,174 per year, or about $ 431 per month, on groceries, according to a sample budget based on the latest spending data available from the geographic intelligence company. Esri. Using the annual budget of an average American and analyzing the pros and cons of each card, we analyzed 26 popular rewards cards to find the best grocery rewards cards based on your spending habits. (See our methodology for more information on how we choose the best cards.)
Our number one choice is American Express Blue Cash PreferredÂ® Card because it offers grocers the highest cash back rate of US supermarkets at 6% (up to $ 6,000 per year in purchases, then 1%). The average American can earn $ 310 in cash back each year when they shop at eligible supermarkets.
On the secure American Express site
6% Cash Back in US Supermarkets on up to $ 6,000 per year in purchases (then 1%), 6% Cash Back on select US streaming subscriptions, 3% Cash Back in US gas stations, 3% cash back on public transit, including taxis / carpooling, parking, tolls, trains, buses and more and 1% cash back on other purchases. Cash back is received in the form of reward dollars which can be redeemed as a credit on the statement.
Earn 20% back on Amazon.com purchases on the card within the first six months of membership, up to $ 200 back. Plus, get a $ 150 credit on your statement after spending $ 3,000 on purchases on your new card within the first six months of opening the account
$ 0 annual launch fee for one year, then $ 95
0% for the first 12 months on purchases, N / A for balance transfers
13.99% to 23.99% variable
Balance transfer fee
Foreign transaction fees
Here are our other top picks for cards offering supermarket rewards:
Before choosing the best grocery card for your wallet, first think about how you like to shop. Whether you like to visit a supermarket in person or prefer to shop online and have your groceries delivered, this will help you decide which rewards card is best for your spending.
To determine which cards offer the best value for the grocery store, Select analyzed 26 of the most popular credit cards offered by the biggest banks, financial companies and credit unions that allow anyone to join and offer bonuses in supermarkets. Bonus rewards mean that a cardholder earns 2% or 2 points per dollar in a given category. In this case, the grocery stores.
We compared each card on a range of features, including cash back, welcome bonus, introductory and standard APR, balance transfer fees and overseas transaction fees, as well as factors such as required credit score and customer reviews when available. We also took into account the additional benefits, the application process and the ease with which the consumer can redeem points.
Select has teamed up with a geographic intelligence firm Esri. The company’s data development team has provided the most up-to-date and comprehensive data on consumer spending based on the 2019 Bureau of Labor Statistics Consumer Spending Surveys. You can learn more about their methodology here.
Esri’s data team created a sample annual budget of roughly $ 22,126 in retail spending. The budget includes six main categories: groceries ($ 5,174), gasoline ($ 2,218), dining out ($ 3,675), travel ($ 2,244), utilities ($ 4,862) and general purchases (3,953 $). General purchases include items such as housekeeping supplies, clothing, personal care products, prescription drugs and vitamins, and other vehicle expenses.
Select used this budget to estimate how much the average consumer would save over one year, two years, and five years, assuming they were trying to maximize their rewards potential by earning all of the welcome bonuses offered and using the card for all of them. applicable purchases. All total reward estimates are net of annual fees.
It is important to note that the value of a point or mile varies from card to card and depending on how you redeem them. When we calculated the estimated returns, we assumed that cardholders were redeeming points / miles for a typical maximum value of 1 cent per point or per mile. (Extreme optimizers might be able to get more value.)
Our final picks are heavily weighted towards the highest five-year returns, as it’s generally wise to hold a credit card for years. This method also avoids giving an unfair advantage to cards with large welcome bonuses.
Editorial note: The opinions, analyzes, criticisms or recommendations expressed in this article are those of the editorial staff of Select and have not been reviewed, endorsed or otherwise approved by any third party.