Food Industry
Industry: Email Alert RSS FeedBig earners are big spenders on dining out
Nation's Restaurant News, Jan 8, 1996
Spotlighting the country's biggest-spending cities, American Demographics recently reported disposable-income patterns for the top 15 metro markets.
Leading in overall spending on all dining-out occasions is Long Island, where an estimated $2,400 was spent annually, compared with the $1,800 national average. The report also noted that in 1973 nearly 64 percent of spending went toward food at home, but today that figure is 54 percent.
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The study reveals San Jose, Calif., Middlesex/Somerset counties, N.J., and Anchorage, Alaska, as the top spenders in the dining-out category. In each market households dedicated more than 42 percent of their food dollars to meals away from home.
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