NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.
The average price of fast food in larger U.S. cities is now in the double digits, with the typical meal costing $11.56, according to a new report from LendingTree. Prices are highest in San Francisco, where the average fast-food meal costs $13.88, followed by Seattle at $13.48. Columbus, Ohio, has the most affordable fast food, but meals still came to $10.01 on average.
Fast food has long been considered a more economical, if not more healthful, way to eat. Whether it's Wendy's "Biggie Bag" or McDonald's "McValue" menu, most major fast-food chains offer some sort of meal deal for under $10. But as costs rise and inflation pinches Americans' wallets, the cost of burgers, fries and chicken nuggets may be slipping out of reach for many consumers.
A FinanceBuzz analysis found last year that average fast-food prices have risen between 39% and 100% over the last decade. For example, a McDouble sandwich that cost $1.19 in 2014 would easily cost more than $3 in 2024, the personal finance site found.
Across the 50 largest metros in the U.S., the average cost of a flagship meal is about $11.56. It's highest in San Francisco at $13.88 and lowest in Columbus, Ohio at $10.01. Click on or hover over an icon below for more information.
Thirty-nine percent of Americans expect to spend less on dining given heightened uncertainty about the economy, according to a recent Bankrate survey.
According to McDonald's most recent earnings report, the company experienced a 3.6% drop in sales the first quarter, with executives citing tariffs as the reason behind the slower foot traffic.
"Heightened anxiety" about the economy is weighing on lower- and middle-income Americans, McDonald's CEO Chris Kempczinski said in a May 1 earnings call.
Among the consumers who may be struggling with the cost of fast food — the low-income employees who make it. The average hourly wage for fast-food workers is $15.07, according to LendingTree. That means it takes workers more than two times longer than someone on an average wage in the U.S. to earn enough to afford a typical fast-food meal, while factoring in the cost of other living expenses.
"No one has ever expected to get rich off of fast-food wages, but the fact that these workers can't even expect a livable wage is troubling," LendingTree chief consumer finance analyst Matt Schulz said in the report.
LendingTree found that a fast-food worker who purchased three meals a day from their employer, seven days a week, would end up spending 40% of their salary on average — leaving them with just 60% of their paycheck to live on. (CBS News)