Anchorage Alaska spends the least on eating out at restaurants compared to the other 18 metropolitan cities we’ve analyzed. Only 4.8% of their annual income goes towards eating food away from home, making up only 36% of their yearly food spending.
So if you’re planning on moving to Anchorage to start a restaurant business, you may want to look elsewhere.
Across the US, Americans are spending an average of $269 on eating out every month. That works out to 5.1% of their annual income. Any city above this national average likely has a thriving restaurant market.
San Francisco residents spend the most on eating out, with a total of $481 going towards monthly spending at restaurants. It’s important to consider, however, that higher-income areas tend to have more overall spending.
Whereas in Tampa Florida, residents are spending the highest percentage of their annual income on eating out with 7.3% being spent on food away from home. San Franciscans, on the other hand, only spend 6.6% of their annual income.
State trends aside, there’s an interesting regional difference in US restaurant spending. Of all the regions, the West spends the most on eating out (5.8% of their income). So, if you’re looking for a more general area to set up your next restaurant, the West is your best bet.
And if you’re looking for specifics, San Diego, Los Angeles, San Francisco, and Phoenix are all strong contenders.