Here's how much cheaper it will be to cook at home versus eat out on Independence Day.
Cooking burgers at home is going to be three times cheaper than celebrating Independence Day at a restaurant this year, according to an analysis from Wells Fargo Agri-Food Institute. The cost of ingredients for a home-cooked, quarter-pound hamburger is substantially lower than what you'll pay for the same size burger at a restaurant this July Fourth. A burger cooked at home, including cheese, tomato and lettuce will cost $2.16, with labor costs subsidized by family or friends, of course.
' 'When you look at cost of food away from home, 70% of cost is not related to food. Only 30% of cost at restaurants is actually related to food costs. The other 70% you're paying for covers labor, convenience and overhead costs,' Schmidt said. Savings on sidesYou may want to consider making your own potato salad this year. White potatoes currently cost around $0.96 per pound across the U.S., or 4.4% less than they did last year, according to the Bureau of Labor Statistics .
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