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Thanksgiving dinner for 10 less than $50

HUTCHINSON, Kan. — For the first time in several years, the cost of a Thanksgiving dinner for 10 is less than $5 per person.

According to the American Farm Bureau federation, this year the average nationwide cost of a holiday meal for 10 people is $48.90, according to the farm group’s annual survey. That’s a 22-cent decrease from last year’s average. The bureau has been tracking the price of a basket of Thanksgiving groceries since 1989. Adjusting for inflation, this year’s spread would have cost just $19.37 at that time.

Most of the decrease is due to turkey prices, which are at their lowest since 2014, according to the bureau. The cost is at $21.71 for a 16-pound bird, or roughly $1.36 per pound. The other things that go along with the turkey like milk, fresh sweet potato, canned green peas and dinner roll prices are also down.

As for how to get the cheapest turkey: Buy frozen, said economist Jay Zagorsky, an adjunct associate professor at Boston University. The typical store earns about 30 cents per frozen bird, which is barely enough to cover the cost of transporting it to the store or keeping it frozen.

It’s a different story for fresh turkeys — which are also the birds people most like to serve, according to Zagorsky. The retail price of a fresh hen turkey is about $1.51 a pound or $30.20 for a 20-pound bird.

What you pay can also depend on where you live, with the priciest turkeys sold in Hawaii and in the south central states, from Louisiana to Colorado.

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