Experts:
November 25, 2024
Thanksgiving is a time for family, gratitude, and indulging in a classic meal that brings everyone together. However, the costs associated with this cherished holiday can vary widely depending on location, travel, and national trends. Here’s an in-depth look at the numbers shaping Thanksgiving this year:
Thanksgiving Meal Costs: West Region vs. National Averages
The cost of a traditional Thanksgiving meal in the West is among the highest in the nation, totaling $67.05, though it reflects a 6% decrease from last year’s $71.37. This decline aligns with broader national trends, though the West’s prices remain 15% higher than the national average of $58.05.
For context, here’s how the national average cost of a Thanksgiving dinner has shifted over the past seven years:
Turkey prices, a key driver of overall meal costs, have dropped significantly, from $27.35 in 2023 to $25.67 in 2024, offering some financial relief to hosts.
The Rising and Falling Costs of Meal Ingredients
Nationally, the cost of Thanksgiving staples has seen fluctuations.
Key highlights include:
- Turkey: Down to $25.67, compared to $28.96 in 2022.
- Pumpkin Pie Mix: Now $4.15, a modest decrease from $4.44 last year.
- Rolls: Increased to $4.16, up from $3.84 in 2023.
- Sweet Potatoes: A significant drop to $2.93 from $3.97 in 2023.
Overall, the average cost of a Thanksgiving meal in the U.S. continues to stabilize after sharp increases in 2022, reflecting broader economic trends.
Travel Trends and Costs for Oregonians
Thanksgiving travel is a major factor for holiday spending. California and Washington, D.C., remain the most popular destinations for Oregonians, with the top cities including:
- San Francisco
- San Diego
- Sacramento
- Los Angeles
- Washington, D.C.
The average travel cost to these destinations has increased slightly, rising from $222.22 in 2023 to $232.08 in 2024, based on second-to-fourth quarter price adjustments.
Gas Prices: A Mixed Bag for Travelers
Fuel costs play a critical role in travel budgets. In Oregon, gas prices as of November 25th have seen a significant year-over-year decline, dropping from $4.058 per gallon in 2023 to $3.546 in 2024. While this offers some relief, Oregon’s prices still exceed the national average of $3.06 per gallon.
