The cost of a classic Thanksgiving dinner for 10 people has fallen to approximately $55.18 this year, or about $5.52 per person, according to the American Farm Bureau Federation’s 40th annual survey.

This represents a 5% decrease from last year, marking the third consecutive year of declining Thanksgiving meal prices after reaching a record high in 2022. Despite the improvement, costs remain elevated compared to pre-pandemic levels.

Turkey prices have dropped 16% this year, with a 16-pound frozen turkey averaging $21.50, or $1.34 per pound. The decline comes despite the turkey flock being at its smallest size since 1985 due to avian influenza, as reduced consumer demand has offset the supply constraints.

The survey, conducted by volunteer shoppers checking prices in early November, includes turkey, stuffing, sweet potatoes, rolls, peas, cranberries, vegetables, and pumpkin pie with whipped cream.

Regional price differences exist, with the South showing the lowest average cost at $50.01, while the West has the highest at $61.75.

Not all items declined in price. Several side dishes, including sweet potatoes, frozen peas, vegetables, milk, and whipping cream, saw increases, while items like dinner rolls, stuffing, and cranberries decreased.

The American Farm Bureau Federation has tracked Thanksgiving dinner costs since 1986 to provide a consistent comparison of holiday meal expenses over time.

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